Better days ahead? Steinitz (R), Fischer
ืฆืืืื: ืืืื ืืขืงื ืื
Bank of Israel, Treasury close to wage-control compromise
Finance Minister Steinitz, Bank Governor Fischer said to be close to agreement meant to stop tension between two financial bodied getting worse. Deal to include third-party to rule on wage appeals
Finance Minister Yuval Steinitz and Bank of Israel Governor Stanley Fischer are said to be close to a compromise regarding the control of the central bank employees' wages.
ย
The sore subject caused a rift between the Bank and the Treasury. With Prime Minister Benjamin Netanyahu siding with Steinitz and ordering his office will supervise wages, speculations have risen as to whether Fischer โ whose tenure ends in 10 months โ will opt to continue on as governor.ย
Related stories:
- Blow to Fischer: Treasury to oversee BOI wagesย
- Fischer attacks Steinitz over central bank reforms
- Talks on new Bank of Israel Law hit impasse
ย
According to the suggested compromise, the Treasury will oversee Bank employees' wages, as it does all wages in the government and public sectors, but Fischer and other senior Bank officers will be able to appeal wage decisions on a case-by-case basis.ย
The sides have yet to agree on the body which would rule in these matters.
