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Monday, July 10, 2023
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Monday, July 10, 2023
Bank of Israel chief warns of ‘heavy economic costs’ from uncertainty over overhaul
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Bank of Israel governor Amir Yaron speaks at the Israel Democracy Institute (IDI) conference in Jerusalem, May 30, 2023. (Oded Karni)
At a press conference on the Bank of Israel’s decision to leave its key interest rate in place, Governor Amir Yaron warns of “heavy economic costs” from continued uncertainty over the government’s judicial overhaul plans.
“It’s important to return stability and certainty to the Israeli economy, ensure the legislative changes are carried out with broad consensus, and safeguard the strength and independence of institutions,” he says.
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