Cabinet to approve new central bank structure

09.10.2011                      11.Tischrei. 5772

Innenpolitik:

Cabinet to approve new central bank structure

Changes come as part of new Bank of Israel law, passed in 2010 at the urging of central bank governor Stanley Fischer.

The cabinet is expected to approve the plan to restructure the Bank of Israel's management on Sunday. The change would create two new bodies – one panel to determine the bank's monetary policy, and another to make management decisions.
Since the bank was founded in 1954, the bank governor was responsible for all decisions in these departments. The changes are coming as part of the new Bank of Israel law, which passed in 2010 at the urging of central bank governor Stanley Fischer….