Nabiullina: monetary policy of Central Bank cannot stimulate economy

Nabiullina: monetary policy of Central Bank cannot stimulate economy

The head of the Central Bank of the Russian Federation, Elvira Nabiullina, recognized that currently monetary policy has a limited influence on stimulating economic growth of the country during the crisis.

She noted that the current decline in production and the difficult economic situation in general are due to the mutual influence of cyclical and structural factors, and the role of structural factors will increase, RIA Novosti reports.

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