News Summary: Israel central bank chief to leave

Updated: 01/29/2013 4:37 PM

CASHING OUT: The governor of Israel’s central bank, Stanley Fischer, will step down June 30. His departure comes two years before the end of his second five-year term. The Bank of Israel gave no explanation for his departure.

STEADY HAND: The widely respected economist is credited with steering the nation’s economy safely through years of world financial turmoil.

LEGACY: Israel’s economy continues to grow, and unemployment is roughly 6.5 percent.

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