Economist: Nabiullina’s personal security was strengthened after the key rate was raised
Elvira Nabiullina.
One of the employees of the Central Bank of the Russian Federation told The Economist that personal The security of the head of the Central Bank, Elvira Nabiullina, was strengthened after the decision was made to raise the key rate to a record 20% at the end of February 2022.
The article is devoted to the steps that Nabiullina took after the West imposed large-scale anti-Russian sanctions. The publication believes that it was the head of the Central Bank who was able to keep the Russian economy afloat.
“Nabiullina is a bespectacled technocrat, whose modest demeanor hides a fierce intellect and determination,” the author notes. The article also suggests that Nabiullina's mere presence at the helm of the financial system may be enough to calm markets.
In an attempt to keep things in check, she has introduced a series of «massive interest rate hikes» and agreed to capital controls.