Caught between the US and China over construction of Haifa's new port, Einat Kalisch-Rotem has rescued Israel.
After leaving the Finance Ministry to Yair Lapid and Moshe Kahlon, Prime Minister Benjamin Netanyahu is talking like he wants the economy back in Likud hands.
The bad news of recent months failed to dent S&P's confidence in the Israeli economy and in the government's ability to repay its debts.
Israel's finance minister prefers listening to people who tell him forecasts are just scaremongering than to his professional economists.
The latest macro figures show fiscal policy unraveling while Israel's main economic problem is worsening.
The Bank of Israel will continue to purchase foreign currency outside of the program framework.
While leaving the interest rate at 0.1%, the Bank of Israel is preparing the market for a future interest rate hike.