Bank of Russia Governor Elvira Nabiullina says the brooches she wears contain clues to understanding policy decisions.
Elvira Nabiullina has said she enjoys hearing people’s different interpretations of her brooches, adding that ‘people have rich imaginations’ [File: Bloomberg]
Bank of Russia Governor Elvira Nabiullina confirmed what the market has been thinking this year: The brooches she’s worn after key rate meetings are clues to understand policy decisions.
The first signal was in March, when she wore a brooch in the form of a Nevalyashka doll, a traditional Russian toy that pops back up when pushed over, as policy makers sought to shore up the economy against the Covid-19 pandemic. In May, she displayed a small white house on her jacket