Central Banks
Bank of Israel Governor Urged to Stay On as War Rages
Amir Yaron
Photographer: Corinna Kern/BloombergThis article is for subscribers only.
A former Israeli central bank governor said her successor should stay in the job when his five-year term comes to an end in December, with the institution now at the forefront of efforts to stabilize markets following the attack by Hamas.
The Bank of Israel’s $45 billion package of measures to smooth out volatility in the shekel has provided “a huge amount for the market,” Karnit Flug said in an interview with Bloomberg Television on Wednesday.