Government to reevaluate after banks propose own plans for better consumer terms next week; Bank of Israel governor had called proposal 'serious blow' to central bank independence

Central bank head urges Netanyahu to withdraw legislation that would force banks to pay interest on current accounts; bill to be brought to Knesset vote on Wednesday

Central bank chief instructs banks to fully pass on interest rates to deposit holders and come up with a plan to pay interest on the billions of shekels sitting in current accounts

Heritage Minister Amichai Eliyahu receives wide criticism for comments accusing Amir Yaron of 'sullying Israel's name abroad and harming the credit rating'

Daniel Hahiashvili will replace Yari Avidan on June 22; sees his role as ensuring stability of banks while boosting competition and technological innovation

Bank of Israel head urges local banks to improve services by actively offering interest-bearing deposits to their customers

Yisrael Eichler says government power rests in hands of deep state and bureaucrats, who he compares to Russia's Putin; blasts failure of interest rate hikes to bring down inflation

In ToI interview, Eli Cohen talks up Israel’s recent diplomatic achievements, defends Azerbaijan arms sales, and says he wants another year in office despite deal with Israel Katz

Currency currently trading at 3.68 to the dollar and 4.02 to the euro, ahead of Moody's country credit rating update on Friday

Amichai Chikli accuses Amir Yaron of putting politics first by giving foreign press gloomy predictions about government's plans