Recent comments from Elvira Nabiullina, the Governor of Russia’s central bank, have raised questions about the sustainability of Russia’s boom in consumer lending. While it may be too early to worry about a banking crisis in Russia, we think that the rapid build-up in household debt still poses substantial risks to the 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