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Smotrich attacks the governor of the Bank of Israel: "The bank was wrong, there is cheap money - everyone will buy apartments" - voila! news

2023-01-31T18:29:32.224Z


Finance Minister Bezalel Smotrich spoke at the mortgage advisers' conference, then attacked the governor for the decision to raise the prime rate. This, only a day after he signed an order separating the credit card company as an entity from the Discount Bank, despite the opposition of the banking supervisor - who claimed that the conduct was based on an unfounded economic analysis


In the video: Binyamin Netanyahu and Bezalel Smotrich present the plan to deal with rising prices in the economy (Walla system!)

Finance Minister Bezalel Smotrich spoke this evening (Tuesday) at the meeting of the Association of Mortgage Consultants in Eilat, and attacked Bank of Israel Governor Amir Yaron for the decision to increase the prime rate.

The minister also argued for an expected drop in apartment prices, which will allow many to purchase one soon.



"It contributed to increasing demand - when the Bank of Israel says that the interest rate is not going to rise, there is cheap money, everyone is going to buy apartments," claimed Smotrich, while attacking the Bank of Israel's decision to raise the interest rate.



He made these remarks at a conference held in Eilat, only a day after he signed an order separating the "Kal" credit card company from the Discount Bank, despite the opposition of the supervisor of banks, Yair Avidan - who argued that the conduct was based on an unfounded economic analysis.

The inspector also claimed that this is not the right time to change the definition of a bank with a broad scope of activity.

Attacked the governor of the Bank of Israel.

Minister of Finance Smotrich (photo: official website, Association of Mortgage Advisors)

Later, the minister noted the expected conduct in the fields of the economy and housing.

"Our challenge in the coming years is to maintain the pace of construction starts despite the drop in prices, the rise in interest rates and the drop in demand," Smotrich claimed.

"In order to do this, we will have to deal with the credit difficulties for entrepreneurs and contractors, simplifying and shortening the planning and licensing procedures, as well as maintaining economic viability in the peripheral areas."

The minister also added that all the planned measures will already be reflected in the Settlements Law and the upcoming budget.

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"Everyone will buy apartments", Smotrich (Photo: Flash 90, Yonatan Zindel)

Yesterday, the Ministry of Energy stated that the price of fuel will increase by 33 shekels - and that as of Wednesday it will be 7.17 shekels per liter.

This, contrary to the promises of Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich on the subject.

However, a few hours later the price increase was avoided, after Smotrich signed an order reducing the excise duty.

The meaning of the signing is that the increase in prices will indeed occur, since it is not within the government's authority to prevent it - but it will decrease the very next day.



The signing was preceded by drama, when the Prime Minister's office realized that one of his public promises was about to be canceled.

Netanyahu's office exerted heavy pressure on the Treasury officials.

The problem was that since the State of Israel operates under a continuous budget, the Treasury needed creativity to find funding sources to reduce the excise tax, worth hundreds of millions of shekels.

  • news

  • Political-political

Tags

  • Minister of Finance

  • Bezalel Smotrich

  • Real estate I

  • real estate

  • Bank of Israel Governor

  • Amir Yaron

Source: walla

All news articles on 2023-01-31

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