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      Archive: 3/13/2013

      News Brief

        3/13/2013, Nisan 2, 5773

      Fischer Praises Israeli Economy Warns of Interest Rates

      "This is a very powerful economy with a force of entrepreneurial ability which is absolutely remarkable," stated Bank of Israel governor Stanley Fischer. He made the comments at the 2013 Herzilya Conference. “We can't allow the interest rates gaps to get too large," Fischer added. "Israel is fortunate in that it realized very early that it didn't have a choice to close itself off to the world economy, it makes no sense in a small economy. We are dealing with a slightly slower growth than we were expecting to have but this should improve.”