Bank of Israel Governor Stanley Fischer, presented President Shimon Peres with the central bank's annual report for 2012 Tuesday morning, Israel Radio announced .
"The economic status is good, though not as good as in the past. The economy has developed at a relatively fast rate; inflation is low and the rate of poverty has decreased," Fischer said to Peres.
Fischer noted that there were budgetary problems, of which Finance Minister Yair Lapid is aware.
Peres praised Fischer for his work and proposals for reducing inflation.
Fischer will deliver the report to Prime Minister Binyamin Netanyahu and Lapid.