Central bank governor: shekel stable enough to set market prices
Central bank governor: shekel stable enough to set market prices Bank of Israel Governor Stanley Fischer said Tuesday that Israel has reached the point where it is possible to stop using the U.S. dollar to set prices in the market and base future deals. According to Fischer, the shekel is stable enough. Regarding the weakness of the U.S. currency, Fischer said that the Bank of Israel does not plan to intervene in foreign currency trading in order to set the rate of the dollar. He stressed that a decision on interest rates will be based on inflation forecast. He was speaking at a Histadrut labor federation conference.
