This was in effect the first step toward the independence of the Bank of Israel. In the past twenty-five years many central banks around the world have been granted independence, and governments thus relinquished the ability to obtain finance from the central bank and to influence interest rate policy.
These are all things we want and need more of as our appetites for goods becomes more easily satisfied. Business services have increased substantially as a share of output and employment. In part this is because it has become increasingly cost-effective for businesses to outsource a lot of their “non-core” functions to other more specialised industries.