Stanley Fischer

The Tel Aviv mayor showed up uninvited to the plaza of the Tel Aviv Museum where demonstrators for social justice were conducting round-table discussions.

Cooling of ties was not sudden and unexpected, it has been going on for a decade, ever since Erdogan's Islamist party began its rise in 2002.

The latest batch of economic data from the US and around the world makes clear that the American and global economies are sinking fast.

Fischer grants license to Barclays; Stock portfolios fell 3% in Q2; Rami Levy gives up on Nof Zion; Facebook Deals to launch in Israel.

Bank of Israel governor says protests over high cost of living came as a surprise; calls for new c'tee to check high prices.

Bank of Israel governor says economy is in a very good situation with lowest unemployment since 1987, but tent protests can't be ignored.

'If you do all the boring things that your parents would tell you to do if you were a central banker, it works,' says the Governor of the Bank of Israel.

“Inflation will stay high over the next 12 months, at 3.6%,” analyst says.

Bank emphasizes that while the annual rate of increase in house prices continues to be high – an annualized rate of 15.3% – it expects the increase to slow “over the course of the coming year.”

Fischer: We are seeing a slowdown in the rate of increase in housing prices, but the rate of the increase is still too high.