Putin Names Loyalist Nabiullina As Central Bank Chief

Russian President Vladimir Putin named his close aide Elvira Nabiullina to head the country’s central bank after government’s calls for lowering borrowing costs were repeatedly ignored by the current policymakers. Nabiullina, 49, currently serves as the government’s chief economic adviser. Her appointment is a strong indication that the bank will lower rates in the second half of the year.The former

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