
Andrei Gangan
Andrei Gangan is the head of the monetary policy department at the Central Bank of Russia. He has been active in addressing the economic challenges facing Russia, particularly in relation to inflation and interest rates. Gangan recently responded to calls for a significant reduction in the base interest rate, suggesting that such a move might not effectively improve the economic situation and could potentially accelerate inflation.
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He responded that a simple and quick reduction of the base interest rate would hardly change anything significantly.
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