Outgoing Governor Karnit Flug of the Bank of Israel said, Monday evening, "I end my term as governor with a feeling of profound satisfaction and great pride in the many achievements in all areas of the Bank’s work."
Speaking at a farewell event in Jerusalem, Doctor Flug explained, "The economy is in a good and stable position, in no small part because of the monetary policy, and that is not something to be taken lightly. At a time when many economies experienced recession and high levels of unemployment, we enjoyed growth, low unemploynent, rising wages and price stability, along with a stable financial system.”