Alexei Kudrin, Chairman of the Accounts Chamber of the Russian Federation, is convinced that the Russian economy will not be able to reach the government’s target growth rate of 3% per year without a significant increase in the volume of non-primary goods exports. He stated this today at the “Made in Russia” export forum.
At the same time, the head of the control department pointed out, the main factor for increasing non-resource exports is “the stability of the national currency,” reports PRIME.
For her part, speaking at the forum, the head of the Central Bank of the Russian Federation Elvira Nabiullina assured that the regulator intends to pursue a monetary policy that will help bring inflation to the target of around 4% and keep it at a stable level.
According to her, “the availability of long-term money depends much more on the inflation rate than on the key rate, the cost of short-term money depends on the key rate.
Recall that at present the key rate of the Central Bank of the Russian Federation is 7.5% per annum, and on December 17, the Bank of Russia will hold its final meeting on monetary policy in the outgoing year.
Source: Rosbalt
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