The Governor Remarks on the Package of Steps Announced Yesterday by the Minister of Finance

Governor of the Bank of Israel Prof. Amir Yaron:

“I welcome the economic steps announced yesterday by the Minister of Finance.

 

The package of steps, which is intended to allow the economy to endure the intermediate period with adverse economic effects that are as minimal as possible to salaried and self-employed workers, is definitely in the desired direction.

 

Creating conditions for the economy’s functioning, even if partially, is extremely important from an economic perspective. The economic continuity that is maintained in the framework that was reached will enable the economy to return to routine faster when the crisis ebbs.

 

It is important to create a safety net that is notable and is defined in the budget, which will allow a range of action to markedly assist with carrying out the activities required to deal with the crisis.

 

The Bank of Israel utilized and will continue to utilize the policy tools that are available to it, in order to continue to support the Israeli economy at this time.”​