The medium rating in obtaining credit data is for the most part explained by the lack of a credit database, an issue that as we know was recently passed as legislation and the database is currently being established by the Bank of Israel.
The various forms of direct intervention on their own will not suffice, as international experience has suggested. Consideration should be given to combining intervention policies with direct special targeted support measures for those sectors of industry that are hardest hit by the exchange rate developments. These could include direct subsidies or using tax concessions to encourage continued production and/or the retention of employment.