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Head of Russias central bank Elvira Nabiullina named best Central Bank Governor in Europe in 2016

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Head of Russias central bank Elvira Nabiullina named best Central Bank Governor in Europe in 2016


05.01.2017

Photo: pixabay.com Head of Russias central bank Elvira Nabiullina received the title of the best Central Bank Governor in Europe in 2016, reports RT.

The ranking of best Central Bank Governors was made by the international financial magazine, The Banker. Its experts note that the Russias central bank has been steering the country through the difficulties over several recent years trying to pull Russias economy out of the crisis which was aggravated by the depreciation of the national currency and issues the banking sector experienced. According to the experts, the Russias central bank managed to deal with that and they hope economic growth in Russia will improve in 2017.

According to the Banker, among Elvira Nabiullinas achievements are disinflation and banking sector consolidation. .

It is to be recalled that in 2015 she was named central bank governor of the year by Euromoney magazine.

According to the magazine experts, the Russias Central Bank manages to settle problems caused by the impairment of value of barrel of oil. Besides, she has to run the bank in the conditions of western sanctions introduced against Russia. The edition describes the situation as an ideal storm in Russias economy.

Euromoney notes that Elvira Nabiullina uses conventional but pained methods of monetary policy in order to overcome the crisis.

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