Bank of Israel

By Barry Davidson
Wednesday 4 November 2009

Jerusalem--Bank of Israel (BOI) Governor Professor Stanley Fischer sent a letter to the Israeli Government explaining the Inflation report.

Accoring to the BOI, the inflation report covers the third quarter of 2009. It is submitted to the government, the Knesset and then to the Israeli public.

The BOI maintains that this is part of the process of assessing the inflation rate against the inflation target set by the government.

By Barry Davidson
Tuesday 3 November 2009

Jerusalem--The Bank of Israel (BOI) announced in a report today that foreign investments in Israel rose in September.

This contradicts the gloomy predictions for a slow International recovery from the current economic recession that is in its second year.

Yesterday, it was reported on U.S. Fox News Channel that U.S. Government Treasury Secretary Timothy Geithner announced that U.S. recovery and job growth will not pick up for sometime.

However, according to the BOI report, such is not the case in Israel.

By Barry Davidson
Friday 23 October 2009

Jerusalem--On Monday, 19 October 2009, the Bank of Israel (BOI) reiterated part of its monetary policy: the exchange rate.

According to a release by the BOI on the same day, it (BOI) operates in the foreign exchange markets.

Sometimes there are situations in which there are unusual exchange rate movements that are not in sinc with fundamental economic conditions.

Also, when disorderly conditions prevail in the foreign exchange market, the BOI does not have a specific exchange rate target.

By Barry Davidson
Tuesday 6 October 2009

Jerusalem--The Bank of Israel (BOI)asserted in its report yesterday that Israeli wages and industrial production was down due to the Israeli recession.

According to the Bank of Israel (BOI), the current Israeli recession began in the last quarter 2008 and is in continuation. The BOI asserted that the U.S. recession began a year earlier.

This is second recession of the first decade of 2000. The first recession, according to the BOI, began at the end of 2000 and continued until the last quarter 2003.

By Barry Davidson
Wednesday 16 September 2009

According to a press release issued by the Bank of Israel on 8 September 2009, the indices of core inflation that do not show extreme price changes each month or sort components of the index by their volatility help in the understanding of the present inflation environment.

This research, conducted by the Bank of Israel, gives insight on the effect of inflation on the Israeli economy, not to mention the Tel Aviv Stock Exchange.