Bank of Russia hires deputy to head up monetary policy implementation

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The Bank of Russia is reshuffling its top ranks, adding a fifth first deputy governor to oversee the implementation of monetary policy as it seeks to complete a shift from a managed exchange rate to an inflation-targeting framework.

Governor Elvira Nabiullina today announced the central bank had made an "organisational decision" to appoint a first deputy responsible for monetary policy, adding that Dmitry Tulin, a former deputy chair at the bank, will take up the position "in a few days".

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