Head of the Russian Central Bank Elvira Nabiullina acts as strongly as the legendary Prime Minister of British Margaret Thatcher, which was called “Iron Lady”. The corresponding comparison was offered the head of VTB Andrei Kostin, writes RBC.
Answering the question about its expectations from the next meeting of the Central Bank, where the key rate can be prompted again, he indicated that it focuses on the application of Nabiullina. “We believe that Elvira Sakhipzadovna believes. Woman steel like Thatcher: said – done. We believe that it will increase. We believe that 8.5 percent, we hope that this limit will be,” Costin explained.
Head of the Central Bank on November 30 stated that the preservation of the rate at the level of 7.5 percent is unlikely. “We will consider from zero to 100 [basic items], we will consider the decision [by a key rate] in this range],” she explained. Nabiullina also indicated that the Central Bank still expects to return inflation in the country to the target of 4 percent by the end of 2022.
with the regulator’s policies speaking for raising growth, Oleg Deripask argued the Russian billionaire. “You all move the curve of demand down all the time, and it seems to you that in this way you have a point of equilibrium will also move. And you need to provide an offer,” he said. According to the billionaire, the current level of rates does not allow it to achieve this. According to Deripaska, now you need to increase the offer, pour money into logistics so that the goods “move faster.”