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Most of the perpetually wrong Westen "commentators" forecasting imminent doom in Russia, will have no idea who this woman is. Shes the head of the Russian Central Bank, Elvira Nabiullina Internationally regarded as one of the most formidable and capable bankers in the world

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Chay Bowes

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45,847 Aufrufe • vor 8 Monaten •via X (Twitter)

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Inflation is destroying russia - State Duma is launching a massive attack on the head of the Central Bank, Nabiullina. "Hey, Ms. Nabiullina, are you capable?" MP Mironov attacked the head of the Central Bank for raising the key interest rate (currently at 21%). The key interest rate is rising, but inflation is not falling despite her promises. Subtitles in English.
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Head of Russia's Central bank Nabiullina openly admits that there is a great shortage of labor in Russia: "we have never seen anything like this before, and it's affecting the entire economic situation." On the other hand, Putin said that unemployment rate in Russia is very low. These are the results of the war Putin started against Ukraine - hundreds of thousands killed and at the frontlines, hundreds of thousands more emigrated.
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Russian Central Bank chair Elvira Nabiullina gave a bit of a response a day after being dinged by Putin. She criticized those who blamed the bank's tight monetary policy and said "for the first time in modern history, our economy is colliding with labor shortages, restrictions."
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The State Duma criticized the head of the Russian Central Bank Deputy Sergei Mironov questioned the competence of Elvira Nabiullina, accusing her of “sabotage” and claiming that raising the key interest rate is “crippling the economy.” According to Bloomberg, Nabiullina wanted to resign after the full-scale war in Ukraine began, but Putin did not allow her to leave. Her economic policies under sanctions prevented the ruble from collapsing. For this, Politico included Nabiullina in the list of the 28 most influential people in Europe in 2023. The Central Bank's current key interest rate is 21%, and Russian experts warn it may be raised to 23% at the December 20 meeting. This would result in higher loan costs for Russians, with prices for goods and services likely to rise again. Amid these developments, Russian IT specialists are facing mass layoffs before the New Year. Employers and the government tried to retain employees with high salaries and preferential mortgages, but due to the high key interest rate, IT companies can no longer afford these benefits.
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