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Russia’s Central Bank Chief Returns, Cuts Rate to 14%

6/20/2026

46 10 Full Breakdown

Summary

Story summary

Elvira S. Nabiullina, head of Russia’s central bank, returned after two weeks and cut the key rate to 14 % from 14.25 %.
Her disappearance had sparked anxiety and speculation about internal dissent and Kremlin security.
She said the cut responded to an economy strained by war spending and sanctions despite overheating signs.
Nabiullina blamed a cold and loss of voice for her absence and thanked those who expressed concern.

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Story summary

Elvira S. Nabiullina, head of Russia’s central bank, returned after two weeks and cut the key rate to 14 % from 14.25 %.
Her disappearance had sparked anxiety and speculation about internal dissent and Kremlin security.
She said the cut responded to an economy strained by war spending and sanctions despite overheating signs.
Nabiullina blamed a cold and loss of voice for her absence and thanked those who expressed concern.