The Central Bank named the main variable for the Russian economy due to events in the Middle East
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- The Central Bank named the main variable for the Russian economy due to events in the Middle East
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Nabiullina: the impact of the situation in the Middle East on the economy depends on the timing
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Photo: REUTERS/Mohamed Azakir
The final effect on the Russian economy due to the situation in the Middle East will depend on the duration of the conflict. This was announced on March 5 by the head of the Central Bank (CB) Elvira Nabiullina.
Ilya Fedorov, chief Economist at BCS World Investments, said on the same day that the conflict in the Middle East was inflationary for Russia and the world. At the same time, it is not expected that the geopolitical event will affect the Central Bank's decision on the key rate, he added.
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