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Latin Times
World
Elizabeth Urban

Russian Bank CEO: Interest Rates Are Going Up Because Top Official Is a Woman

Andrey Kostin Interest Rates Elvira Nabiullina RIA Novosti
Andrey Kostin, Chairman and CEO of the Russian Bank VTB, looks on during a session of the World Economic Forum (WEF) annual meeting on January 23, 2015 in Davos. (Credit: FABRICE COFFRINI/AFP via Getty Images)

The CEO of the Russian bank has reportedly claimed that interest rates are continuing to rise because of the fact that one of the bank's top officials is a woman.

CEO Andrey Kostin claimed that the Russian Central Bank's key interest rate was difficult to predict because the bank has a woman, Elvira Nabiullina, for its governor, as reported by Russian news agency RIA Novosti.

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