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Israel cabinet approves new member to central bank's MPC

Israel Materials 5 October 2021 15:44 (UTC +04:00)

Israel's cabinet on Tuesday approved the appointment of Naomi Feldman to the Bank of Israel's monetary policy committee, the central bank said, Trend reports with reference to Reuters.

Feldman will replace Reuben Gronau, who will step down from the panel after serving on it for 10 years. Her appointment will take effect on Oct. 9 -- two days after the next interest rates decision.

The cabinet also voted to extend Moshe Hazan and Zvi Hercowitz for an additional term on the committee.

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