Smotrich to US bankers: 'We will calm the political noise with an agreed outline''

March 14, 2023   

Finance Minister Bezalel Smotrich met today (Tuesday) with senior international executives of Citibank, one of the largest banks in the US, at the bank's headquarters in New York. The harmful effects of sugary drinks: all the numbers and data At the meeting, the minister discussed with bank executives the implications of rising interest rates worldwide on inflation, markets, and the stability of banks in the US, issues of international investments, international markets, the impact of the collapse of SVB and Signature Bank on the stability of banks, the mortgage market, investments in technology, and a review of the current dynamics of the American and international economy. Smotrich referred to the demonstrations in Israel against the legal reform and said at the meeting: "I think we will know how to calm the political noise in the near future, with some kind of agreed-upon outline that everyone can live with, at least the mainstream. We will know how to calm the markets and the economy. Investing in the State of Israel today is one of the safest and most profitable. The fact that the opposition ultimately wants to overthrow a government is a law of nature all over the world, and there is no need to panic about it." "Last week, the banking market was shaken," said the Finance Minister, "We saw intervention by the Fed, and the State of Israel is still closely monitoring the lateral effects on the banks and the international and Israeli economies in particular. The Israeli economy is strong and relatively easy to manage in times of crisis." Smotrich explained: "The Israeli and banking market is a small and stable market, which allows for hedging risks and maintaining the strength of the Israeli market. The cooperation of the Israeli economy with international economies will continue and grow, and it is precisely the global upheavals that open a window for the Israeli economy, which, as mentioned, is small and stable, for international investments in Israel, and we will continue to work to make this happen.".