In our decision to take a pause, while we have said that there is space for further monetary policy action, we have very carefully and very definitively also said that the timing will have to be decided in a manner that its impact is optimum and maximised. 33.
Karnit Flug: Raising the retirement age for women in Israel Main points of remarks by Dr Karnit Flug, Governor of the Bank of Israel, at the conference on raising the retirement age for women, Jerusalem, 1 July 2015.