Karnit Flug (Hebrew: קרנית פלוג; born January 9, 1955) is a Polish-born Israeli economist and government official who served as the 9th governor of the Bank of Israel from 2013 to 2018.

She returned to BoI in 1997 while appointed deputy director of the Research Department, then elevated to Department's Director and a member of the Bank's senior management in June 2001, a position she held for ten years.

She served as Acting Governor from July 2013 until November, after Fisher's resignation.

[4] In October 2013, she was officially nominated to be the next Governor of the Bank of Israel by Prime Minister Benjamin Netanyahu, edging out initially chosen former BoI chief Jacob Frenkel, ending several months of uncertainty.

[6] Flug won an "A" grade three times in Global Finance Magazine's annual Central Banker Report Cards, and was repeatedly considered one of the best bank governors in the world.