Economics
Israel's Little-Known Central Banker Lifts Veil on Priorities
- Amir Yaron wants inflation at midpoint of 1%-3% target range
- Aims at tech-smart, efficient capital markets, banking system
This article is for subscribers only.
The Bank of Israel’s new governor wasted no time laying out his priorities. At his appointment ceremony, Amir Yaron ticked off goals including measured rate rises, quicker inflation and low-key intervention in the foreign exchange market.
His agenda came as a welcome signpost in a country that knew little about his macroeconomic thinking: Unlike predecessor Karnit Flug, who spent much of her career at the bank, the Israeli-born Yaron had lived in the U.S. for more than two decades, until just weeks ago as a finance professor at the Wharton School of business in Pennsylvania.