Bank of Israel MPC member to step down at end of 2022

Central bank governor says will appoint a committee to find a replacement for Michel Strawczynski, who is stepping down in order to take up job in academia

Reuters|
A voting member of the Bank of Israel's monetary policy committee, plans to step down at the end of 2022 when his five-year term ends, the central bank said on Sunday.
  • Follow Ynetnews on Facebook and Twitter

  • Bank of Israel Governor Amir Yaron will appoint a committee to find a suitable replacement for Michel Strawczynski, who is returning to academia as an economics professor at the Hebrew University of Jerusalem.
    2 View gallery
    מישל סטרבצ'ינסקי
    מישל סטרבצ'ינסקי
    Michel Strawczynski
    (Photo: Mark Neiman)
    During his tenure, Strawczynski has been a member of several committees and inter-ministerial work teams together with the director-general of the Finance Ministry, with duties including the creation of a law to increase competition and reduce centralization in Israel's banking system.
    "Michel's extensive knowledge the economy, his special insights as an expert in the field of public policy, his many years of experience and his impressive ability in leading the research division were an asset to the Bank of Israel, for the decision-making in the monetary committee and the quality of the economic advice to the government," Yaron said in a statement.
    2 View gallery
    The Bank of Israel building is seen in Jerusalem
    The Bank of Israel building is seen in Jerusalem
    The Bank of Israel building is seen in Jerusalem
    (Photo: Reuters)
    Israel's monetary committee has six members, three of them from the central bank.
    In response to rising inflation, which has reached 4.4%, the panel has unanimously raised short-term interest rates to 1.25% - its more recent move a half-point hike on July 4 - from 0.1% in April.
    Its next decision is slated for August 22.
    Comments
    The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.