‘Safe Haven’ Israel Became Hot Money Bait for Central Bank Chief
- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Israel’s economic transformation has turned it into an “emerging markets safe haven” that continued to absorb money from abroad despite maintaining near-zero interest rates, according to central bank Governor Amir Yaron. The inflows in recent years were a reflection of “the structural change in the fundamentals of the Israeli economy,” including the county’s declining debt burden and current-account surpluses, Yaron said in a speech at the ...
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