The new law that we propose therefore also incorporates a clear system of decision-making mechanisms, of internal and public controls, and of reports to the government, the Knesset and the public.
Second, on the side of its responsibility, the proposed law clearly defines the Bank's objectives: 1) maintaining price stability, according to the target set by the government, as the prime target; 2) supporting the government's other economic goals, including growth and employment, without harming price stability and the proper functioning of the financial system. This replaces the vagueness in the current Law.