The Bank of Israel published its semi-annual stability report on Wednesday morning, and again expressed concern about the continuation of legal legislation.
The report states, "During the reviewed period, the financial system in the economy was affected by two main factors: one, the continued tightening of monetary policy and the slowdown in economic growth in Israel and abroad, alongside difficulties in the global banking system; Second, uncertainty surrounding the implications of legislative changes regarding the legal system in Israel on the functioning of the economy and on the financial system as a whole. If these processes – in Israel and around the world – intensify, they are liable to challenge the system in the medium term."
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