It is vital that the new government, however it is composed, be committed to the same macroeconomic strategy and structural reforms that created the conditions for healthy and sustained growth. Domestic  BIS Review 82/2005  1  and foreign investors must be sure that this strategy is not at issue, and that everyone is committed to it.
And it is important that they should feel that right away. On our part, the Bank of Israel will continue to pursue an interest-rate policy consistent with the inflation target of between 1 percent and 3 percent a year, with the intention of reaching the mid-point.