JERUSALEM, May 25 (Reuters) – Israel’s cabinet approved the appointment of Ori Heffetz to the Bank of Israel’s monetary policy committee, the central bank said on Sunday in a move that will bring the panel back to its full six members for the first time in two and a half years. Heffetz’s tenure is effective immediately but he will not vote at Monday’s interest rates decision since he was not present in all the rounds of discussions and monetary analysis in recent weeks. His first vote will be at the subsequent meeting on July 7. He specialises in macroeconomics and monetary policy, economic policy, and empirical, experimental and behavioural economics. Heffetz has served as an economics professor at the Hebrew University since 2022 as well as a professor at the School of Business Administration at Cornell University since 2024. Bank of Israel governor Amir Yaron said that Heffetz “has rich and relevant professional experience and I am sure he will contribute greatly to the work of the committee.” By law, Israel’s policy setting committee is meant to have six members – three from the Bank of Israel including the governor and deputy governor, and three from the public. In January 2023, Moshe Hazan, a Tel Aviv University economics professor, quit the MPC to fight the government’s plan to overhaul the judiciary – which has since been shelved – and no one had been chosen to replace Hazan until Heffetz was nominated by a search committee earlier this year. Current voting members from the Bank of Israel include Yaron, his deputy Andrew Abir and research chief Adi Brender, along with non-central bank economists Naomi Feldman and Zvi Hercowitz. At the outset of Israel’s war with Hamas, the central bank reduced its benchmark interest rate by 25 basis points in January 2023 to 4.5%, having sharply raised it previously to battle inflation. It has kept the rate unchanged since then due to inflationary pressures stemming from the now 19-month old conflict, including labour and supply constraints. Inflation rose to 3.6% in April, well above the government’s 1-3% annual target rate. Economic growth has been weak due to the war – only 0.9% in 2024 but increasing to an annualised 3.4% in the first quarter of this year. (Reporting by Steven Scheer; editing by Clelia Oziel) in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.