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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.
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
Former antitrust commissioner: Monopoly may be overpowering policymakers
By SHARON UDASIN
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
Flug has spent almost her entire career at the Bank of Israel, previously serving as deputy governor and director of the bank’s research department.
By JERUSALEM POST STAFF
Flug, 62, is Israel's only female governor to date.
By EYTAN HALON
Flug's successor still unknown, but decision was not impacted by uncertainty, she said.
Bank of Israel head Karmit Flug may be awarded a second term - once again by default.
By GLOBES/SIMON GRIVER
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