Despite being hampered by a lack of data due to industrial actions at the Bank of Israel, Governor David Klein said he may announce an interest rate cut on Tuesday.
Speaking to a forum of CFOs organized by the Exporters Association in Tel Aviv, Klein denied rumors that he intends to resign. "I have not and will not consider it," he stated.
On his meeting Wednesday evening with the prime minister and finance minister, Klein said they did not press him to lower key lending rates.
He said their conversation had been businesslike and addressed issues such as the labor sanctions at the central bank and their effect on decision-making.
Klein also told the CFOs that the government has not yet decided whether it will stay within its budgetary boundaries or not.