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Nabiullina’s Miracle: Russia Cuts Rates To Pre-War Levels
Elvira Nabiullina should've resigned when Vladimir Putin invaded Ukraine in February. As it turns ou
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I guess my question is how can you trust any of the numbers Russia publish?
I guess the same as with China:
It’s safe to assume the numbers are indeed doctored, to a degree. Yet only to a degree, as it’s impossible, even in Putins Russia, to totally circumvent reality. Plus, there is also data from the IMF, BIS etc., to corroborate most claims. Certainly there is a good chance the russian numbers will be off by 1-3 %. But probably not more. The fact that the BoR even publishes the above mentioned data shows that they are aware of that.
I make no secret of my anti-Kremlin bias, but if the conversation is strictly about data and making charts, I’ll take Putin’s data over Xi’s.
good point, the tendency to polish the data is probably more ingrained at all levels within the Chinese reporting system.
Also, at least in the past, Russia seemed to care less if some goals of the latest 5-Year -Pan have not been met. Especially since there was no 5-Year-Plan in Russia, contrary to China.
Now, however, I would tend to discount all info emanating from official russian sources, as I do believe Putin would not want to project any weakness (real or perceived) by publishing “too bad” numbers.
from 50k feet, seems to me that we should poach Nabiullina. she probably would make a great fed governor, if not chairman.