We will rely on the screening and monitoring roles of the commercial banks like yours to eradicate this menace and with the appropriate savings and investment products in place. 6. The banking sector in this country has, over the last few years, witnessed significant growth in consumer lending.
I will turn now to some shortterm macroeconomic issues that come within the scope of the responsibility of the central bank. The main goal of the Bank of Israel, under the Bank of Israel Law passed by the Knesset this year, is the preservation of price stability, i.e., to keep inflation down to between 1 percent and 3 percent a year.