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

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Presentation transcript:

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

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

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.