How Elvira Nabiullina Can Improve Russia’s Central Bank
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April 30 (Bloomberg) -- Russia’s central bank is about toget a new chairman and, as at the Bank of England, the imminentarrival of a new broom has raised expectations of a more relaxedmonetary policy.
Russia, however, is different. Elvira Nabiullina will be ina position that many central-bank chiefs can only envy becauseshe will have ample room to boost lending and growth, usingconventional tools. The central bank’s crucial lending rate is8.25 percent, compared with the near-zero rates in the U.K., theU.S. and the euro area.