The query of the identification of the following governor of the Bank of Israel is turning into extra intriguing. With an rate of interest announcement by the central financial institution due later right this moment, Galei Tzahal (Israel Army Radio) reported this morning that the incumbent governor, Amir Yaron, was anticipated to announce this afternoon that he is not going to search an extra time period, and that he intends to step down in November.

The Bank of Israel launched a categorical denial, saying that Yaron would announce his choice about searching for an extension of his time period after the upcoming Jewish vacation interval, that’s, in October. “The report on Galei Tzahal that the governor will announce his decision about continuing in the post today is incorrect. As he has said up to now, the governor will announce his decision about an extension to his term around the holiday period,” the financial institution said.

It was additionally reported that the main candidates to switch Yaron are Prof. Leo Leiderman, a professor of economics at Tel Aviv University and financial adviser to Bank Hapoalim, and Prof. Michel Strawczynski, a professor of economics on the Hebrew University of Jerusalem, and previously head of the Bank of Israel Research Department. Talking to “Globes”, nevertheless, Leiderman denied the report. “Contrary to this morning’s reports, no approach has been made to me concerning the post of governor of the Bank of Israel. As things stand, I am not interested in the post, but wish to continue in my roles at Tel Aviv University and at Bank Hapoalim, and I recommend to the government of Israel that it should do everything in its power to ensure that Amir Yaron will remain in the post for a further term,” Leiderman stated.

Published by Globes, Israel enterprise information – en.globes.co.il – on September 4, 2023.

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