Elvira Nabiullina: video Bank of Russia / YouTube
Head of the Central Bank of Russia Elvira Nabiullina came to the press conference with two accessories — a brooch in the form of the Latin letter V and the symbol of the horseshoe. Broadcast speech leads the channel controller in YouTube.
In previous times Nabiullina wore only one ornament, but this time the message was more complex. Apparently, the “V” represents the so-called V-shaped recovery of the economy, then there is a sharp growth after the deep recession. In turn, the horseshoe is hung traditionally for happiness.
Press conference dedicated to the meeting of the Board of Directors, in which the regulator decided to reduce the key rate by 25 basis points to 4.25 percent.
This level has become a new historical minimum, although some experts were expecting a more bold decisions. The next meeting of the Central Bank, which can change a parameter, scheduled for September 18.
First Nabiullina came out with a brooch in late March. Then, amid a sharp fall of the ruble, she tried the tumbler. Later, the head of the Central Bank put on a house, meaning a reduce mortgage rates, and in June it noticed a dove — the traditional symbol of the easing of monetary policy.
The last hint was completely justified. In addition to the current reduction, the Chairman of the regulator has expressly indicated that space for further easing is, and the decrease in rates is highly likely.
During the week, one of the main critics of the Central Bank billionaire Oleg Deripaska has twice demanded a radical reduction in the key rate, accusing the regulator of sabotaging the national goals set by President Vladimir Putin. Immediately before the meeting, the businessman urged the Central Bank to stop “dancing with tambourines”. It is therefore possible that the second accessory worn almost on top of the first, means irreconcilable positions and refers to the famous movie “V for vendetta”.
She Nabiullina refused to answer the question about the meaning of jewelry, noting that different interpretations and versions.
Video, photo All from Russia.