Israel Close to Choosing New Central Bank Chief, Official Says

Prime Minister Benjamin Netanyahu’s top adviser Eugene Kandel said a decision on who will replace Bank of Israel Governor Stanley Fischer is expected within the next couple of weeks.

Kandel who was accompanying Netanyahu on a trip to China, said there is a shortlist for the post, declining to elaborate. The list has been said to include Deputy Governor Karnit Flug and former Netanyahu adviser Manuel Trajtenberg.

“It’s for the prime minister now to deliberate and make his final decision,” Kandel, chairman of the National Economic Council, said in Shanghai today.

The post of governor unexpectedly opened in January when Fischer, 69, announced he would leave at the end of June, midway through his second five-year term. Fischer, a former No. 2 at the International Monetary Fund, said he was stepping down for personal reasons, mostly because his family is in the U.S. and he has achieved many of the goals he wanted to accomplish.

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