All news

CBR steps up influence on economy growth, but that does not mean loss of independence - Nabiullina

But that does not mean the loss of independence of the Central Bank

MOSCOW, April 19 (Itar-Tass) - Having become a mega-regulator the Russian Central Bank will have even more influence on economic growth, but that does not mean the loss of independence of the Bank of Russia, believes future head of the RF Central Bank Elvira Nabiullina.

“By influencing the economic growth and taking the functions of the mega regulator the Central Bank will have more influence on the growth,” she said at the Russia 2013 Forum. “But that does not mean the loss of independence of the Central Bank.”