Russia: National Bank Under Pressure

Politics ♦ Published: February 9, 2013; 19:38 ♦ (Vindobona)

Russia´s National Bank faces a growing inflation rate. At the same time, the economic growth flattens.

Russia: National Bank Under Pressure / Picture: ©

In order to strengthen economic growth, Russia´s government and Russian banks want the National Bank to lower the interest rates. Last year, Russia´s growth rate came at 3.3%. In 2011, Russia´s GDP was still up by 4.3%. Moreover, the downward trend is expected to go on. In the last quarter, the economic growth rate only came at 2.0%.

However, Russia´s National Bank is not…