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Article: Central bank to intervene in long-term bond market
- Article from:
- Jerusalem Post
- Article date:
- January 9, 1995
- Author:
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JOSE ROSENFELD
Jerusalem Post
01-09-1995
THE Bank of Israel announced yesterday it will buy NIS 25 million in bonds tomorrow from the public as a means to inject cash into the economy.
This will mark the first time the central bank has intervened in the long-term bond market.
Up until this year, the central bank supplied enough money to the economy through its tenders to commercial banks.
Failure to provide enough cash to accommodate for economic growth and inflation would result in higher interest rates.
The central bank will today ...