Reuters: US Dollar Report: UPDATE 2-Putin beefs up Kremlin control over economic policy

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 2-Putin beefs up Kremlin control over economic policy Jun 24th 2013, 09:29 Mon Jun 24, 2013 3:28am EDT MOSCOW, June 24 (Reuters) - Russian President Vladimir Putin appointed Andrei Belousov as his top economic adviser on Monday, beefing up his Kremlin staff with an advocate of a big state role in the economy as part of a wider rotation of his policy team. As economy minister, Belousov came under fire from Russia's liberal policy establishment by calling for the state to determine bank lending rates, which he argues would unblock the flow of affordable credit to the economy. Belousov will be replaced by Alexei Ulyukayev, who is moving from the central bank after being beaten to the top job there by Elvira Nabiullina, who formally assumed her role on Monday after a year as the Kremlin's 'chief economist'. The job moves, which had been flagged in advance, set the scene for a shift towards a more activist approach to managing Russia's economy as policymakers seek to engineer a recovery at a time of still-high inflation. "This is all being done to embark on a dynamic stimulus of economic growth," said Julia Tsepliaeva, a Russia economist at BNP Paribas in Moscow.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions