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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (8997)	3/1/2004 7:44:34 AM
From: Haim R. Branisteanu	of 110194

every one wants a lower currency - Netanyahu seeks weaker shekel Minister of Finance Benjamin Netanyahu called on Governor of the Bank of Israel David Klein to raise the shekel-dollar exchange rate by cutting the interest rate. Zvi Lavi 1 Mar 04 12:21 Minister of Finance Benjamin Netanyahu today called on the Bank of Israel to raise the shekel-dollar exchange rate by cutting the interest rate. Netanyahu told the Knesset Finance Committee, “The low exchange rate makes a negative contribution to growth and GDP. The interest rate has repeatedly missed the inflation targets, depressing the economy, and preventing development.” ”The interest rate is still detracting from growth,” Netanyahu said. “All the Ministry of Finance’s assessments indicate moderate growth is taking place. Netanyahu did not mention a figure for current growth, but said the situation was “better then a contraction.” Published by Globes [online] - www.globes.co.il - on March 1, 2004

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