It is on this basis that the mandate of the European Central Bank was established. For much of the 1990s and early 2000s, the monetary policy framework went unquestioned. There was a broad consensus that granting independence to central banks had been successful in bringing inflation under control.
BIS central bankers’ speeches  1  The Governor of the Bank of Israel is also, by law, the economic advisor to the government. Our Research Department leads the research on Israel’s economy, and will continue to delineate the research basis for the public discussion in areas on the agenda of economic policy makers.