Decision-making mechanisms at the Bank of Israel  The law will establish new decision-making mechanisms for the Bank. In Israel today, as in a few other countries including New Zealand and Canada, the Governor makes the interest decisions alone, under law. He also runs the Bank, and is responsible for all administrative decisions.
Research has shown that decisions made by committees of experts are, on average, better than those made by one expert acting alone. The new Bank of Israel Law will establish two decision-making mechanisms – one in the policy area, and the other in the area of management of the Bank.