Social Media Blitz Has Russians Ask: What’s a Central Bank?

  • Bank of Russia expanding its reach by turning to social media
  • Inflation expectations remain high despite slower price growth

Here’s what Governor Elvira Nabiullina’s latest quest to uproot high inflation expectations is up against: most Russians don’t know what a central bank is, and the price growth many of them actually face is at least double what the statisticians are reporting.

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