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April 10, 2018 11:12 am

Bank of Israel Chief Flug Says Still Undecided on Second Term

avatar by Reuters and Algemeiner Staff

Bank of Israel chief Karnit Flug speaks at a press conference in Jerusalem on March 28, 2018, during the presentation of the Israel bank’s annual report. Photo: Hadas Parush / Flash90.

Karnit Flug said on Tuesday she has not yet decided on whether she would stand as a candidate for a second term as Bank of Israel chief in the wake of comments by Israel’s finance minister that a search for a new governor would begin soon.

“There are still seven months until the end of my first term,” Flug told a news conference. “I haven’t yet thought about it and I have not spoken with the prime minister on that possibility.”

Finance Minister Moshe Kahlon last month said the search for a new governor would start after Passover, the seven-day holiday that ended on Saturday.

She also warned of a detrimental effect to Israel’s export-dependent economy should there be an escalation of global trade wars.

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