Economics
Global ‘Cheap Money’ Stirs Russian Dissent, Call for Caution
- Bank of Russia governor warns productivity, economies at risk
- Loose policies perpetuate market volatility, Nabiullina says
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Russia’s central bank governor isn’t sure if the unprecedented monetary easing around the world is a killer or a cure for the global economy.
With the world awash in cash thanks to the stimulus programs of central banks from Europe to Japan, investors have poured money into projects that are damaging productivity while doing nothing to ease market volatility, Governor Elvira Nabiullina said in an interview with CNBC broadcast on Friday.