Elvira Nabiyullina

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Elvira Nabiullina is the Chairman of the Central Bank of Russia (CBR). She has led recent reductions in the key interest rate amid temporary inflationary pressures from supply shocks, including disruptions in the fuel market and attacks on logistics. Nabiullina has emphasized that inflation is expected to stabilize around 4% by 2027, dismissed concerns about stagflation, and called for reforms to the OSAГО insurance system to improve profitability, noting it is currently unprofitable for insurers. She has also discussed the development and upcoming wide-scale use of the digital ruble, as well…

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