Head of Russian central bank named European Banker of the Year

586d2baac361881c3c8b45ee

https://www.rt.com/politics/372678-award-nabiullina-russia-inflation/

Elvira Nabiullina, the head of Russia’s central bank, has been named the best Central Bank Governor in Europe in 2016 by the international financial magazine, The Banker.

The influential publication  her for having “helped steer the country through the difficulties,” with Russia “set to return to economic growth in 2017.”

“Having started 2016 with consumer price inflation of 12.9% – highs not seen since 2008 – Ms Nabiullina highlighted the need to lower inflation to improve economic growth in Russia,” the outlet writes in an article dedicated to the award.

Established in 1926, The Banker is  one of the leading international finance magazines, read in almost 180 countries.

“Ms Nabiullina’s efforts saw the rate drop below 6% by the end of 2016,” the magazine writes. This, as inflation in Russia “had never fallen under 6,1 percent”, according to the publication, citing figures by the International Monetary Fund going back to 1992.

Nabiullina said she viewed the past year as a kind of turning point with regard to inflation. “Importantly, in 2016 there was a turning point in the sentiment of the population and professionals regarding inflation expectations,” she is quoted as saying by the outlet.

“At the beginning of 2016, inflation expectations of market participants were well above our target, but now they have reduced to close to our [end-2017] 4% inflation target, at between 4.5% and 4.7%.”

In December last year, the chief of the IMF, Christine Lagarde lauded Nabiullina for doing “a fantastic job” while tackling the financial problems in Russia, and inflation in particular.

Nabiullina served as economic adviser to Russian President Vladimir Putin between 2012 and 2013, when she was appointed to head Russia’s Central Bank. She was Minister of Economic Development and Trade for 5 years from September 2007 to May 2012. Forbes  Nabiullina 56th among the world’s 100 most powerful women.

In 2015, Nabiullina was  central bank governor of the year by Euromoney magazine.

https://en.wikipedia.org/wiki/Elvira_Nabiullina

Tatar-born Russian economist and head of the Central Bank of Russia.

As of 2014, she is listed as the 72nd most powerful woman in the world by Forbes.

———-

heh..

“Nabiullina served as economic adviser to Russian President Vladimir Putin between 2012 and 2013, when she was appointed to head Russia’s Central Bank. She was Minister of Economic Development and Trade for 5 years from September 2007 to May 2012. Forbes  Nabiullina 56th among the world’s 100 most powerful women.”

interesting..

401

Advertisements

~ by seeker401 on January 12, 2017.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: