‘Populist’ Threat to Bank of Israel Gets Netanyahu Rebuff
- Foreign minister called for intervention, questioned rate hike
- Move was rare objection from senior minister to central bank
Bezalel Smotrich
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
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Israeli Prime Minister Benjamin Netanyahu pledged that “nothing will change” with regards to the independence of the central bank, a bid to end uncertainty that may have contributed to a slump in the shekel.