Vladimir Putin Names Elvira Nabiullina to Head Russian Central Bank -Tuesday March 12,2013

Asserting further personal control over the Russian economy, President Valdimir Putin nominated on March 12,2013 Tuesday, a close political ally,Elvira Nabiullina, who is now serving as his chief economic adviser, to become the new chief of the Russian central bank

The nomination of Elvira Nabiullina signals strongly that the bank will lower rates in the months ahead, something VladimirPutin has been pressing for against the advice of the bank’s current leadership