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Russian Top Kommie calls Russian economy haunted due to rate increase
Direct Translation via Google Translate. Edited.[REGNUM] The next increase in the key rate by the Central Bank means that the situation in the economy is "haunted", says Gennady Zyuganov , the leader of the Communist Party faction in the State Duma . "If this is really the case, then the situation in the Russian economy is going, as they say, 'out of control.' Real inflation, especially food inflation, breaks all records. Instead of curbing it, the authorities are putting a big cross on the development of domestic production, making loans more and more burdensome for the population, and mortgages too heavy," Zyuganov said. The parliamentarian insists that in order to overcome the crisis, it is not necessary to raise the key rate, but to stimulate the real sector of the economy with the help of 'long' targeted and cheap loans. As reported earlier by IA REGNUM , the Central Bank in the spring of 2021 began a cycle of raising the key rate due to accelerated inflation. The rate began to rise from 4.25%. Now it is 6.5%, at the last meeting in July, the Central Bank raised it immediately by one percentage point. Experts predict the rate will rise to 7% after the meeting of the Central Bank Board of Directors on September 10. Related: Russian economy: 2021-06-12 Russian central bank raises a key rate Russian economy: 2018-03-29 Why Chinese Tourism Barely Benefits Russia’s Budget Russian economy: 2018-01-19 Business as Usual: Russia Exhausts Its Reserve Fund Posted by: badanov 2021-09-07 |
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