Bank of Russia estimates global financial crisis probability as low
Business & Economy
November 12, 15:04
Central Bank chief Elvira Nabiullina stressed that preparations for crises should start well in advance
MOSCOW, November 12. /TASS/. The Bank of Russia estimates the global financial crisis probability as low, the Central Bank chief Elvira Nabiullina said in the State Duma, the lower house of the Russian legislative assembly.
"The global crisis factors exist and we even show the scenarios in the guidelines of the monetary policy a risky scenario that may be caused by the world’s financial crisis. Truly, we estimate its probability as low at the moment. Our main principle here is that the crisis should not be passed at the moment when it occurs but preparations should start well in advance," she said.