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Feb. 24th, 2016 11:05 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsMy optimistic estimate (2040) is not that far off from a semi-official estimate from Russia's Central Bank:
Except, the only estimate Yudaeva is making relates to the consistency of the Bank's approach to monetary policy. She's saying that it would take 15-20 years to make the Bank of Russia truly independent from the whims of the Russian government. Once that happens, people can start assuming a more or less predictable approach to managing the national currency. I haven't thought about that at all.
(Bloomberg. February 24, 2016). Fifteen to 20 years of meeting its price-growth targets is needed to match the credibility of the European Central Bank, according to Ksenia Yudaeva, a first deputy governor at the Bank of Russia.
Except, the only estimate Yudaeva is making relates to the consistency of the Bank's approach to monetary policy. She's saying that it would take 15-20 years to make the Bank of Russia truly independent from the whims of the Russian government. Once that happens, people can start assuming a more or less predictable approach to managing the national currency. I haven't thought about that at all.
