We will have to distinguish between those things the Bank can do with the active support of the member countries, and those things which must be left to the market and the private sector. In the latter case, creating the appropriate environment for private sector activity will be critical.
The foreign currency market showed stability even in exceptional circumstances, such as the resignation of the Minister of Finance and the incapacitation of the Prime Minister. (iii) We are buying government bonds. Despite these purchases, our longer-term (ten-year) interest is relatively high. The difference between long-term and short-term interest rates in Israel is much greater than those in the US and other countries.