The modern approach to central bank independence is expressed in the laws relating to modern central banks in advanced countries worldwide. This is also the approach underlying the new Bank of Israel bill which we are drafting in conjunction with the Ministry of Finance and with the support of the Prime Minister.
This law will comply with the accepted standards of central banks in advanced countries, and will also, and mainly, serve the economy, the state and its citizens in the best possible way. I hope that the government will present the new bill to the Knesset in the very near future.