The decision by President Putin to nominate his economic advisor, Elvira Nabiullina, to be the next governor of the Central Bank of Russia is a blow to hopes for a more independent monetary policy over the coming years but is unlikely to lead to major changes in the current framework. Policy is likely to be looser than would otherwise have been the case, but even large interest rate cuts are unlikely to do much to stimulate a flagging economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services