Elvira Nabiullina

Russia does not face risks of default - Bank of Russia

Russia does not face risks of default - Bank of Russia

Russia has all necessary financial resources, there is no threat of default, Governor of the Bank of Russia Elvira Nabiullina said on Thursday. "Russia has all necessary financial resources, there is no threat of default," she …

Russia to enter structural transformation period in Q2, early Q3

Russia to enter structural transformation period in Q2, early Q3

The Russian economy still has reserves, though they will end, Central Bank Governor Elvira Nabiullina said addressing the State Duma (lower house) on Monday, adding that the country is expected to enter the period of structural transformation in …

Russia's central bank  raises key rate sharply to 8.5%

Russia's central bank raises key rate sharply to 8.5%

Russia's central bank raised its key interest rate sharply to 8.5% on Friday, increasing the cost of borrowing for the seventh time this year to tame stubbornly high inflation, and did not rule out further rate rises. "If the …

Nabiullina expects long-term inflation in Russia

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

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 …

Central Bank chair comments on Russia's inflation expectations

Central Bank chair comments on Russia's inflation expectations

Central Bank Governor Elvira Nabiullina on Thursday said inflation expectations were at a four-year high and had been elevated for several months already, saying that supply shortages and people changing their purchasing behaviour over fears of …

Russian Central Bank president receives COVID-19 shot

Russian Central Bank president receives COVID-19 shot

President of the Russian Central Bank Elvira Nabiullina said she has been vaccinated against the coronavirus. "I had the vaccine back in December. Everything’s great, so you should think about it too," Izvestia …

Russian Central Bank reveals who interested in weak ruble

Russian Central Bank reveals who interested in weak ruble

Head of the Russian Central Bank Elvira Nabiullina said that not everyone in Russia is interested in a strong national currency. She stands for the ruble "which is determined by the market," according to RTVI. …

Russian banks receive record low net profit

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 …

Bank of Russia to strengthen mortgage lending measures

Bank of Russia to strengthen mortgage lending measures

The Bank of Russia is preparing additional measures for mortgage loans, the head of the Central Bank, Elvira Nabiullina, said today. "We are preparing more mortgage lending measures as they are needed additionally. …

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

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, …