Connect to share and comment

Russia parliament confirms Putin ally as bank chief

The Russian parliament on Tuesday confirmed President Vladimir Putin's economic advisor Elvira Nabiullina to head the central bank, even as she struck a hawkish stance on inflation and vowed not to stimulate growth through lower interest rates. Russia's lower house of parliament backed her candidacy in a 360-20 vote three weeks after Nabiullina was picked to succeed the respected outgoing Bank of Russia governor Sergei Ignatyev. She is due to assume her post on June 24.

Incoming Russia bank chief seeks to convince sceptics

Incoming Russian central bank chief Elvira Nabiullina struck a hawkish stance on inflation on Tuesday in a bid to convince sceptics that she will not bow to Kremlin pressure to lower rates for stronger growth. Russia's lower house of parliament was expected to overwhelmingly back President Vladimir Putin's choice to head the Bank of Russia in a vote scheduled for 5:00 pm (1300 GMT).

Russia central bank independence at risk after Putin names ally

The nomination by President Vladimir Putin of a close ally to head the Russian central bank puts its independence at risk and may make it more inclined to heed political pressure for looser monetary policy, economists said. Elvira Nabiullina, 49, currently an economic advisor to Putin and whose appointment still needs rubber-stamping by parliament, is a respected economist with years of experience in government ministries.

UPDATE 2-Putin makes aide Nabiullina Russian central bank chief

* Loyal technocrat lacks independent profile * Could move bank towards looser policy * Hawkish central bank insiders passed over By Alexei Anishchuk NOVO-OGARYOVO, Russia, March 12 (Reuters) - President Vladimir Putin on Tuesday chose his chief economic adviser to head Russia's central bank, backing a loyal technocrat seen as more likely to bow to political pressures to ease monetary policy than other potential candidates.

Putin taps close ally as Russia central bank chief

Russian President Vladimir Putin said Tuesday he intends to nominate Kremlin economic adviser and his close ally Elvira Nabiullina to parliament as Russia's next central bank chief. Nabiullina, who served as economic development minister in the last government, would replace the widely-trusted Sergei Ignatyev who is retiring after heading the Bank Rossii (Bank of Russia) since 2002. "I intend to propose the candidature of Elvira Nabiullina for the post of chairman of the Russian central bank," Putin said in televised remarks.

UPDATE 1-Kremlin aide Nabiullina may run Russian c.bank -sources

* Former economy minister emerges as compromise candidate * Seen as loyal to Putin, lacks political profile * Kremlin wants rate cuts to boost flagging growth By Darya Korsunskaya MOSCOW, March 11 (Reuters) - Kremlin aide Elvira Nabiullina may take charge of Russia's central bank, two sources close to the matter said, installing a technocrat willing to act on President Vladimir Putin's call for monetary stimulus to boost growth.
Syndicate content