Economics
Wharton Professor Amir Yaron Named Next Bank of Israel Head
- Yaron will succeed Karnit Flug, who steps down in November
- Central bank has kept rates at all-time low for past 3 years
Bank of Israel in Jerusalem.
Photographer: Ariel Jerozolimski/Bloomberg
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Prime Minister Benjamin Netanyahu nominated Amir Yaron, a finance professor at the University of Pennsylvania’s Wharton school of business, as the next Bank of Israel governor.
Yaron, 54, will succeed Karnit Flug, whose five-year tenure draws to a close next month amid acrimonious relations with Netanyahu and Finance Minister Moshe Kahlon. The nomination must be vetted by a government committee.