Three assessments prevail in this connection:  ·  The first assessment is that “There is an area where change can be speedily expressed on the ground … The price of money…is determined solely by the Bank of Israel. The instruments it controls affect another important variable: the exchange rate” (opinion in Ha’aretz, 8.6.2001).
The automatic reiteration of the view that the interest rate by itself affects the exchange rate does not make it true.