The Russian political management all of a sudden warned of the issues of the Russian financial system. “According to the numbers, we have cooling, according to the current sensations of entrepreneurs, but we are already at the border of transition to recession,” mentioned financial Minister of Makim Reschetnikov within the Global Financial Discussion board Petersburg (SPEP). He criticized the central financial institution coverage and warned the damage in all through funding.
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The present degree of rates of interest of demotiva to take a position marketers, mentioned Reschetnikov. The Central Financial institution not too long ago lowered a key rate of interest of 21 to twenty p.c. Within the 3rd and fourth quarters, the funding may well be under the extent of the former 12 months.
Head of Central Financial institution: Sources are used
The Central Banking Director of Elvira Nabiullina defended in opposition to the allegations of false financial coverage, but additionally provision for difficulties. The Russian financial system rose two years in spite of sanctions thru imports of imports – due to the fund of prosperity and current funding reserves of the banking device. “We need to understand that many of these resources are actually used and we must think about a new model growth,” she mentioned.
Russia used to be a struggle on Ukraine for 3 years. Enlargement lately is based mostly at the mass improve and higher military and safety prices.
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