But we need to set it in perspective. It was only in 2005 that per capita income in Israel returned to its level in 2000. If we are to move beyond our current status, where our income level is about that of the poorer European countries, below Spain, above Portugal, close to that of Greece, we need to keep growing, and rapidly.
And in 1999, we set the target for the overnight rate as the midpoint of the band. Currently, we are moving to place more focus on the target for the overnight rate in our announcements since it is the  4  BIS Review 46/2001  appropriate policy rate for international comparisons.