Russia’s Central Bank Chief Elvira Nabiullina considers it necessary to gradually wind up the anti-crisis measures to avoid the risks of bubbles on the lending market.
"It is necessary to wind up the anti-crisis measures gradually as they have fulfilled their tasks, otherwise we can see the risks of bubbles on the market," she said addressing the State Duma (lower house) on Thursday.
Russian Central Bank Chief expects GDP to return to pre-pandemic level in mid-2021
Russia’s Central Bank admits that the country’s GDP may return to the pre-pandemic level in the middle of this year, the regulator’s Chief Elvira Nabiullina said.
"We expect Russia’s GDP to return to pre-pandemic levels as early as in the second half of this year, probably by the middle of the year," TASS cited her as saying.
