I will address these two issues in turn, starting from a few facts on the rise of inequality in recent years. I will maintain that preserving price stability over the medium term is the best contribution that monetary policy can make to economic stability. The ECB has achieved this goal throughout the crisis, thanks to its standard and non-standard monetary policy measures.
This phenomenon is 1/2  BIS central bankers' speeches  shared by other countries, but there is ample evidence that the level of prices in Israel is higher than its other advanced countries, thus leaving more space for price reductions through enhanced competition and consumer savvy.