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A Farewell Conference Honoring Governor Stanley Fischer

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Presentation on theme: "A Farewell Conference Honoring Governor Stanley Fischer"— Presentation transcript:

1 A Farewell Conference Honoring Governor Stanley Fischer
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.


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