Central bank lifts rates by 0.25%, smallest rise since April; in most pessimistic scenario, potential impact of judicial plan could be 2.8% annual hit to GDP over the next 3 years

In letter to cabinet alongside central bank's annual report for 2022, Amir Yaron writes that major changes must be done with broad agreement, preserve institutions' professionality

Amir Yaron tells CNN plan lacks consensus, which could lead firms to move funds out of country, causing brain drain; voices confidence leaders won't intervene in central bank

Shlomo Dovrat, whose company manages over $1.3 billion in tech, says he has 'never seen such concern among foreign investors,' warns billions of dollars leaving country every day

At state budget meeting, Amir Yaron cautions of potential severe economic fallout from judicial overhaul; Barkat urges dialogue, says he has been warned 'economy is going to crash'

Reported emergency summit of Financial Stability Committee comes after shekel weakens to lowest point in years, compounding worries over rising rate hikes, judicial makeover push

Finance minister acknowledges increases tough for households but defends independent Bank of Israel, after Foreign Minister Eli Cohen, Likud MK David Bitan criticize move

IMF delegation arrives in Israel for a short introductory visit; Governor Amir Yaron says institutional independence vital for Israel's credit rating

Nobelist, former senior advisers to Netanyahu are among signatories of letter, which comes day after Bank of Israel governor reportedly informed PM of grim possible fallout of plan

Amir Yaron meets with PM due to concerns over potential economic fallout if plan to weaken courts passes, reportedly relays warnings from senior officials he met with in Davos