The Governor of the Bank of Israel, Prof. Amir Yaron nominated Israel’s Economy Man of the Year, by FUNDER – Israel’s Financial Magazine

Prof. Yaron was appointed Governor of the Bank of Israel at the end of 2018, at the final stages of a zero interest monetary policy. Throughout 2020-21, following COVID-19 pandemic, Prof. Yaron led significant measures, conducted by the Bank of Israel, towards the banking system, private sector and households.

Since April 2022, in light of rising inflation, the Bank of Israel raised it’s Interest Rates, in an effort to prevent inflationary pressure to escalate. The Bank of Israel has conducted several interest rates hikes, in an attempt to bring inflation within the boundaries of 1-3%.

The actions taken by the Bank of Israel, considering an era of political instability and the lack of complimentary fiscal measures thereof, has left the Governor and the Bank of Israel as the most dominant factor in the efforts to diminish inflation within the relevant boundaries.

For these actions, and for his significant role over the past turbulent years, both in Israel as well as globally, the Governor of the Bank of Israel was granted ‘Israel’s Economy Man of the Year’ reward, by FUNDER – Israel’s Financial Magazine.

Udi Aloni, FUNDER’s Co-Founder and CEO said “We are proud to present ‘Israel’s Economy Man of the Year’ Award, for his heroic efforts to fight inflation for the sake of Israel’s economy”.

Prof. Yaron, the Governor of the Bank of Israel thanked Mr. Aloni and said that “We are determined and believe that eventually we shall bring inflation within Bank of Israel’s boundaries. Price stability is vital for economic growth and financial stability”.

credit: Nitzan Bar