President Vladimir Putin nominated Elvira Nabiullina, 49, a former economy minister, to lead Russia’s central bank. Vladimir Putin, left, talks to Elvira Nabiulina during a meeting of the Council on Foreign Investments in Moscow.
Putin nominated Elvira Nabiullina, 49, a former economy minister... If approved... she’ll become the first woman to head a Group of Eight monetary authority.
Nabiullina will need to navigate a clash between the government and the central bank over interest rates as Russia’s $2 trillion economy expands at the weakest pace since a 2009 contraction and officials look for ways to boost growth. Putin, who brought her with him to the Kremlin when he switched from his role as prime minister last May, has said borrowing costs “substantially” higher than inflation are a source of concern... “Putin has been pressing for easier monetary policy. Nabiullina may make moves in that direction.”
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
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