Elvira Nabiullina

Nabiullina expects long-term inflation in Russia

The head of the Bank of Russia Elvira Nabiullina believes that inflation in Russia will be a long-term phenomenon. She expressed this opinion in an interview with the Financial Times. “We had a very long period of high inflation …

Russian central bank could raise rates in July

Russia’s central bank will consider raising its benchmark interest rate by between 25 and 100 basis points from the current 5.5% at its next rate-setting meeting on July 23 to rein in inflation, Governor Elvira Nabiullina said on …

Russian banks receive record low net profit

Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …

Russia's Central Bank to cut key rate to 5%?

Assistant to the Russian president Andrei Belousov believes that potential for further easing of the Russian Central Bank's monetary policy after several consecutive cuts in the key rate remains quite high. According to him, …