+7 (495) 937-33-63 contacts
      

PRIME-TASS

June
2014
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30


Russia’s cbank rejects idea to stimulate economy with money

MOSCOW, Jun 20 (PRIME) -- Monetary stimulation of the Russian economy is unacceptable, as it will speed up the inflation, Central Bank Chairwoman Elvira Nabiullina told the State Duma, the parliament’s lower house, on Friday.

“Inflation has outstripped housing services and utilities’ problems, which have long been the leader, on the list of problems that worry our citizens. This is why we believe that the proposal of monetary stimulation of the economy with a price rise of 10-15% is unacceptable,” she said.

According to the Federal Statistics Service, the country’s annual inflation rose to 7.6% in May from 7.3% in April, 6.9% in March and 6.2% in February. Nabiullina thinks that there is still a risk of inflation exceeding the 2014 target of 6%.

Nabiullina also said that the regulator’s currency interventions amounted to U.S. $40 billion since the beginning of this year. These interventions were done to “constrain excessive exchange rate fluctuations, which threatened the financial stability,” she said.

Печать  Print
Information contained on this website, unless otherwise stated, is of an informative and ancillary nature or it represents merely the personal judgment of IC PROSPECT experts. It does not constitute an advertisement, offer or recommendation to make an offer to buy or sell any securities or financial instruments, products or services to which there may be a link on this website. It also does not constitute a suggestion or recommendation to perform any operations in the securities market. If you want to learn more about the consultancy and other services provided by the company, or about some other information contained herein, relying not merely on the materials published on this website, please contact the Securities Trading Department for professional consultancy or other service based on your individual circumstances. Certain securities and financial instruments can be offered and certain services rendered only to persons acknowledged as qualified investors. You can specify whether you are a qualified investor or learn about the procedure for qualification by contacting Anna Novoselova at (495) 937-33-63 extn. 6160.
Support & Development