Nabiulina urged the country to prepare for the deterioration of the situation in the economy
Head of the Central Bank Nabiulina announced the need for structural restructuring of the Russian economy
The economic situation in Russia could worsen, the head of the country’s Central Bank (CB) Elvira Nabiulina admitted. Her words lead Interfax.
“We really need to look at the situation very calmly, with open eyes – that’s the main thing. And be ready for any development of the situation, ”Nabiulina appealed. She also said that, despite the difficulties, structural restructuring of the Russian economy is necessary.
Nabiulina added that the task of the financial sector and monetary policy is to determine how to finance future changes in the country’s economy.
In parallel, on November 15, the head of the central bank said that inflation in Russia is not significantly different from the rate of price growth in comparable economies, adding that lower price increases benefit businesses and the public.
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