According to the newspaper, Elvira Nabiullina has been responding to changes in the financial markets with amazing speed and determination, without a single failure since she assumed office in June 2013.
As it turned out later, the measure has been very effective. Nabiullina managed to stabilize the financial system, make speculations on the currency market unprofitable and averting a major financial crisis which could have had dramatic consequences for the Russian economy, the newspaper wrote.
However, the merits of Elvira Nabiullina are not limited to interest rate decisions, even though they played a key role in her brilliant career. For instance, when the country was under the pressure of sanctions, Nabiullina managed to take the most reasonable and timely action: she provided foreign currency liquidity to companies and banks so that they had an opportunity to repay foreign debts and decide on a gradual transition to a floating exchange rate of the ruble.
The newspaper called Nabiullina “a brilliant economist”, saying that she demonstrates the vision and an outstanding foresight.
Earlier, Nabiullina won the Euromoney magazine prize as the best leader among heads of the central banks and was recognized the best head of a financial institution worldwide, Die Welt wrote.
