Nabiullina faces ‘open question’ of how Bank of Russia will address growth

elvira-nabiullina

Elvira Nabiullina must decide how to walk the line between supporting flagging Russian growth and shackling persistently high inflation when she takes over as chair of the Bank of Russia on June 24.

Nabiullina, formerly president Vladimir Putin's chief economic adviser, will join the central bank at a time when Russian inflation is at its highest level since 2011, and annual growth at its lowest since 2009.

Her hands will be tied to an extent by the Bank of Russia's ongoing transition towards an

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