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ProfilesApril 30 2015

Elvira Nabiullina: fortifying Russia's economy

Russia’s central bank governor, Elvira Nabiullina, talks to The Banker about what is being done to address the inflation and devaluation of the rouble and the tools she is using to fortify the country’s economy against external shocks. 
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Elvira Nabiullina: fortifying Russia's economyElvira Nabiullina, head, CBR

Q: Russia’s economy is facing a number of challenges, including high inflation, a drop in the rouble exchange rate and oil prices, as well as limited financial resources for banks and private companies. How are you using monetary policy to help promote growth?

A: Indeed, we are currently facing serious challenges. We are trying to achieve our priority goals, taking into account the current balance of risks and the new realities we face.

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