Decision Postponed

The decision regarding the extension of the tenure of the Bank of Israel Governor will be postponed

The decision regarding the extension of the tenure of the Bank of Israel Governor will be postponed

Amir Yaron, Governor of the Bank of Israel (Photo: Flash90)

After the meeting of the Governor of the Bank of Israel and the Prime Minister, it was agreed that the decision on the continuation of the Governor's term of office would be postponed after the end of the Tishrei holidays, the Governor asked the Prime Minister at the meeting to lead a broad public consensus in order to maintain the strength of the economy

This morning (Sunday - Israel), Bank of Israel Governor Prof. Amir Yaron met with Prime Minister Binyamin Netanyahu regarding the continuation of his term as Governor, the two agreed that the decision on the issue would be postponed until after the Tishrei holidays. Another meeting was scheduled between the two on October 15. The Bank of Israel reported that the Governor returned and asked the Prime Minister, on New Year's Eve, to lead to a broad public consensus in order to maintain, and even promote, the strength of the economy.

In an interview that Professor Yaron gave to the American CNN news in the past, he expressed himself regarding the legal reform being enacted in the Knesset and criticized the moves: "The reform may harm the independence of the institutions. The legislation is too hasty and there is no broad agreement regarding it."

In addition, when asked about the consequences of the reform on the high-tech sector, he replied: "We heard statements from high-tech executives that investments would not come in, more than that, we heard from executives that funds might be drawn out. That is why it is so important that the reform pass through a transparent process and with broad agreement."


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