While pleased with the level of economic growth in the private sector, Rivlin was never-the-less troubled by the huge gap in wages between high and low income earners.
The finance minister wants competition, the BOI governor, stability. Who is right and can we enjoy both?
Bank of Israel chief says Israel only spends a third of what other OECD countries spend on active labor policy; PM Netanyahu promises deregulation.
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.