Bethel Finance news:
"I don’t understand what the governor is doing. We pay mortgage bank executives huge salaries. They know their job, and belying what the governor says, the situation here is different from what happened in the US," Excellence Nessuah chief economist Shlomo Maoz told “IDF Radio" (Galei Zahal) today, criticizing Governor of the Bank of Israel Prof. Stanley Fischer.
"Here, every bank knows everyone who gets a mortgage. It knows where he lives, and where he works. If the Bank of Israel thinks that there's inflation or a bubble here, then it should raise the banks' liquidity rates. This hurts young couples."
Maoz added, "There's an economic vacuum in Israel. The Ministry of Finance isn't doing enough and the governor stepped in. That is extraordinary; it isn't his job. It's true that he want to maintain the banking system's stability, but he is severely harming young couples. The government isn't doing enough on the ground."
No comments:
Post a Comment