Putin nominates bank chief

Russian President Vladimir Putin has nominated his chief economic adviser to become the new chief of the central bank. The nomination of Elvira Nabiullina (pictured) signals that the bank will lower rates in the months ahead, something Mr Putin has been pressing for against the advice of the bank's leadership.

Russian President Vladimir Putin has nominated his chief economic adviser to become the new chief of the central bank. The nomination of Elvira Nabiullina (pictured) signals that the bank will lower rates in the months ahead, something Mr Putin has been pressing for against the advice of the bank's leadership.

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