Bank of Israel Chief Says War More Expensive Than Estimated
- Israel entered the war on solid fiscal footing, Yaron says
- Central bank actions have mitigated fluctuations in the shekel
Palestinians watch as smoke rises following an Israeli airstrike in Khan Yunis, Gaza on Nov. 8.
Photographer: Mohammed Abed/AFP/Getty ImagesThis article is for subscribers only.
Israel’s central bank governor said the war with Hamas is a “major shock” to the economy and proving costlier than initially estimated.
While Israel’s economy is strong and stable, “there is no doubt the war will have fiscal implications and generate budget pressures,” Amir Yaron said Thursday in Washington.