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07.04.2015 | 17 Tammuz, 5775
There are few policy tools left available to the Bank of Israel at a time when so many other countries are conducting aggressively expansionist monetary policy.
By NIV ELIS
Although the shekel is far weaker than it was last summer, having depreciated 10.4 percent between August and December against a basket of currencies, it has appreciated 7.6% since December.
In one of her first newspaper interviews since taking office, BoI Governor Flug discusses the economy, explains why being a woman has never been an issue for her in this male-dominated field.
Bank of Israel keeps interest rate at record-low of .25%.
President Rivlin and Prime Minister Netanyahu are presented the new bill by Bank of Israel Governor Flug.
By JPOST.COM STAFF
Though they agreed the deficit could increase from the planned 2.5% to 3%, Lapid argued that higher deficits were preferable to further cuts and to tax increases.
Labor MK Shaffir has accused Slomianksy of making back-room deals with Lapid, in exchange for supporting Lapid's signature 0 VAT policy.
Bill would have absolved some first-time home-buyers from paying 18% tax; Flug: Discount will go to construction companies, prices to stay neutral.
Bank supervisor proposes consolidating and simplifying credit card fees for customers and businesses alike.
Unemployment dropped .1 percentage points to 5.8%, while the labor participation rate remained at a record high of 64.2%.
The idea is to give a flat, affordable fee up front to banking customers.
Though labor participation and employment levels are at record highs, the overall poverty level has remained stable at around 20%.
Exports rose by an annualized 2.7% from August to October, following 9.8% drop in previous quarter.
Business headlines have been dominated in recent weeks by news of significant layoffs from major companies in Israel.
The jobless rate will likely come up from its 20-year low of 6.1% in the
At ceremony, Flug reveals personal details, tells how her parents survived Holocaust, moved to Israel from Poland when she was 3.
By NIV ELIS AND GREER FAY CASHMAN
Bank Hapoalim’s Economics Department manager Victor Bahar offers 'The Jerusalem Post' 10 facts on Israel’s currency, the New Israeli Shekel, to put it all in perspective.
Taub Center for Social Policy analysis finds ‘middle class’ jobs are disappearing.
Incoming BoI Governor makes first public speech since nomination.
"The Bank of Israel has succeeded in moderating the real estate market, but a strong response on the supply side would be preferable."
Sussman to replace Barry Topf who is stepping down at the end of the month.
With Stanley Fisher's term as Bank of Israel Governor completed, his deputy Karnit Flug steps into role of acting governor.
Finance Minister Yair Lapid, who chairs the committee, said lowering housing prices was one of the biggest tests of his budget.
BoI governor warns plan approved by PM, Steinitz could lead to huge deficit, adds "rich uncle" less likely to help this time around.
By NADAV SHEMER
For the first time in the central bank’s history the governor will not make the decision alone.
By ADRIAN FILUT / GLOBES
L’ancienne adjointe de Stanley Fischer est nommée après 9 mois de tergiversations.
By NIV ELIS ET MYRIAM SHERMER-KALFON
Flug was the economic week’s heroine, but the soft spoken economist evidently lacks heroic pretensions, and can be expected to maintain a low profile as long as external events don’t suck her into politics.
By AMOTZ ASA-EL
The decision to name Karnit Flug governor of the Bank of Israel is a personal triumph not only for Flug but also for the Hebrew University.
By GREER FAY CASHMAN
Rivlin calls on the Knesset and the incoming government to formulate and pass the budget as quickly as possible.
New rules limiting banking fees go into effect on Sunday.
For the past two months, BoI has put the interest rate at .25%, the lowest it’s ever been, in order to battle sluggish inflation, weaken the shekel, and give the moderating economy a shot in the arm.
Tel Aviv City Council member Karnit Goldwasser gave birth to a girl at Ichilov Hospital.
Rivlin chose not to celebrate his 75th birthday and instead congratulated the head of the Golani Brigade’s 12th “Barak" Battalion on his 36th birthday.
The odds indisputably are that while Lapid’s quick-fix will markedly jack up housing demand, it won’t increase supply.
By JPost Editorial
In the final analysis, Flug has shown that she essentially subscribes to the groupthink of her counterparts abroad.
The working poor are a symptom of much larger and more pervasive economic ills plaguing our country.
By JPOST EDITORIAL