HALISTER1: Bank of Israel Approves Increased Equity, Corp Bond Holdings

Bank of Israel Approves Increased Equity, Corp Bond Holdings

(Bloomberg) -- Central bank’s monetary committee recommends changes to allocations of foreign currency reserves in 2017, according to e-mailed statement.
  • Recommends lowering government bond holdings to 79.5% in 2017 from 84.5% in 2016, with duration of less than two years; raising stock holdings to 12.5% from 10%; raising corp. bond holdings to 8% from 5.5%
  • NOTE: Bank of Israel has $98.4b in foreign currency reserves as of Dec.
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