Russian Central Bank chief says “more drastic changes” needed as the country’s rumbling war economy drives inflation far above target levels
Russian Central Bank chief says “more drastic changes” needed as the country’s rumbling war economy drives inflation far above target levels
Russian Central Bank Governor Elvira Nabiullina warned Thursday that “more drastic changes” in monetary policy may be needed as the country’s rumbling war economy drives inflation far above target levels.
cross-posted from: https://feddit.org/post/4321457
Russian Central Bank Governor Elvira Nabiullinawarned comments, made to a group of State Duma lawmakers, come a week after the Central Bank hiked its key rate to a record-high 21%, taking it even further than the emergency rate of 20% initially introduced after the February 2022 invasion of Ukraine.
They could call off the war.
Vladimir Putin falling out of a window would be a drastic change, and would start the long journey to economic recovery.