Israel cenbank chief named chair of BIS' small open economies group

  • 11/10/2021
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JERUSALEM, Nov 10 (Reuters) - Bank of Israel (BoI) Governor Amir Yaron was chosen as chairman of the group of countries with small open economies (SOE) within the Bank for International Settlements (BIS), the BoI said on Wednesday. Countries that are members of the SOE group include the Czech Republic, New Zealand, Denmark, Chile, Colombia, Peru, Croatia, Iceland, Israel, Norway, and the Philippines. Discussions on the group’s agenda group deal with monetary policy, financial stability, and financial innovation and centre around issues that concern the functions of their central banks. The discussions take place between governors of the central banks every two months in Basel, Switzerland, and during the COVID-19 period, the BIS has held such discussions online. The Bank of Israel joined the BIS in 2003. (Reporting by Steven Scheer; Editing by Toby Chopra)

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