David Klein was sworn in as governor of the Bank of Israel after his appointment was narrowly approved by the Cabinet. To secure the approval, Prime Minister Ehud Barak lobbied government ministers from his own One Israel bloc, who initially opposed Klein because they believed his anti-inflationary policies would keep interest rates high.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.