"Nothing has changed in the central goal of the Bank of Israel's monetary policy," Bank of Israel Governor Stanley Fischer said in a news conference Sunday afternoon, following the bank's intervention in the foreign currency market last weekend.
"Our main goal is maintaining price stability," Fischer said, "[and] to accomplish every inflationary goal the government defines, which remains between 1% and 3% over time."
Fischer added: "For a decade, we were able to carry out an exchange rate policy that did not include intervention in the foreign currency market. It was consistent, with stability in the shekel-dollar exchange rate."