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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.
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.
Business headlines have been dominated in recent weeks by news of significant layoffs from major companies in Israel.
By NIV ELIS
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.
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