1 / 3

Redefining Policy and Tools: A Look into the New Bank of Israel Law

Explore the changes brought by the New Bank of Israel Law, including redefined policy objectives, expanded tools, and enhanced flexibility in FX reserves management. Learn about the Monetary Committee, Supervisory Council, and various policy tools implemented.

zeki
Download Presentation

Redefining Policy and Tools: A Look into the New Bank of Israel Law

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The New Bank of Israel A Farewell Conference Honoring Governor Stanley Fischer 18 June 2013

  2. A new BOI Law • Redefining policy objectives • Expanding policy tools at BOI's disposal • Expanding flexibility in FX reserves management • Formation of a Monetary Committee • Formation of a Supervisory Council

  3. The use of various policy tools • Intervention in Forex market; • Quantitative easing:Purchase of Government bonds; • Limitations on mortgages ( e.g. limiting LTVs, % in variable rates); • Limitations on (disruptive) short term capital flows. BOI operation • A new wage agreement; • A thorough reorganization of the BOI; • Business continuity plans and practices.

More Related