Austrian central bank & RBI: fight!

A clash of Austrian banking titans took place last week in London on the top floor of the Gherkin. With the windows clouded by an impenetrable wall of fog, Claus Raidl, the charismatic president of Austria’s central bank and Herbert Stepic, the former chief executive of RBI just could not agree on Russia’s growth prospects.

  • By Michael Turner
  • 30 Sep 2013

Both men were speaking about central and eastern Europe’s growth prospects at a panel discussion put together by private Austrian business collective, 21st Austria and it appeared things were less clear inside the skyscraper than they were outside. 

Raidl expects the Russian economy to grow by 3.6% this year. ...

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