Elvira Nabiullina

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Russia's VAT hike to 20% to increase inflation by 1%

Russia's VAT hike to 20% to increase inflation by 1%

Russia's current inflation is 2.5%, the VAT hike from 18% to 20% will increase inflation by 1%, Russian Central Bank Governor Elvira Nabiullina told the state Duma. She said that inflation in Russia …

Nabiullina: it is fine to nationalise banking sector

Nabiullina: it is fine to nationalise banking sector

Russia's Central Bank is ready to solve the problem of unsustainable banks even at the cost of temporary nationalisation, Russian Central Bank Governor Elvira Nabiullina said. "This raises certain questions: …

 Russian financial system stabilizes

Russian financial system stabilizes

Russia's financial system is much more stable than 10 years ago, Russian Central Bank Governor Elvira Nabiullina told a banking congress in St Petersburg. At the same time she noted that some government measures may …

Russia's central bank head: banking cleanup almost done

Russia's central bank head: banking cleanup almost done

A cleanup of Russia's banks almost complete, Russia's Central Bank Chair Elvira Nabiullina said today. "In 2017, the Bank of Russia was forced to revoke more than 50 bank licenses," she said, adding …

Russia central bank chief says may speed up rate cuts

Russia central bank chief says may speed up rate cuts

Russia’s central bank may cut rates faster than previously thought and possibly as soon as next week, Governor Elvira Nabiullina said on Thursday, adding that she saw little economic or financial impact from possible new …

Russia's Central Bank sees no deflation risks

Russia's Central Bank sees no deflation risks

Russia's Central Bank Chair Elvira Nabiullina said that she sees no deflation risks in Russia. According to her, the central bank sees no deflation risks, but inflation expectations are yet to match the central …

Russia's central bank governor to skip Davos

Russia's central bank governor to skip Davos

Russia's Central Bank’s Governor Elvira Nabiullina will not attend the World Economic Forum in Swiss town of Davos, the bank’s press service said. Nabiullina was initially scheduled to attend a session …

Russia's central bank chief: rate to be cut gradually

Russia's central bank chief: rate to be cut gradually

Russia's central bank will continue to gradually reduce its key rate as inflation is close to the target, the bank’s governor, Elvira Nabiullina, said. According to her, annual inflation is at 2.6% and is …