On the anti-crisis measures by the government’s plan in the first quarter of 2015 may take no more than 22 billion rubles from the federal budget.
See also
According to Finance Minister Anton Siluanova, will be supported by the program for recycling of cars, subsidized interest rates on the seed. Also, the minister said, these measures will support several other projects that he did not name.
At the same time, in the opinion of the other branch of the financial unit of the Central Bank, the ruble has now become closer to fundamentally justified value than in November-December 2014. So says the head of the Central Bank Nabiullina.
“Fundamentally reasonable rate is determined and the balance of payments, and prognosis factors that affect it: the price of oil, the outflow of capital. We did in November-December assess how then market rate deviated from fundamentally sound, and if I remember correctly, the gap was 5-20 per cent. Now, in our opinion, it is less “- quoted her magazine Forbes.
At the same time, the real effective exchange rate (against the currencies of major trading partners of Russia, adjusted for inflation) for 2014 fell, according to a mega-regulator, by 27.2 per cent, with the fall of the national currency in December was 13.5 percent.
See also
Will the further stabilization of oil prices. According to Elvira Nabiullina, they are unlikely to befall so again, as it was at the end of 2014.
“The consequence of reducing the price of oil was a weakening of the ruble, designating a major contribution to inflation. At the same time a large amount of ruble pressed payments on the foreign debt, which this year will be less. Now the effect of the weakening of the incident fades, the economic slowdown will also lead to lower inflation, “- she said.
As a result, will decline and volatility in the foreign exchange market. However, the Russian economy face new challenges, said the head of the Central Bank.
“The economy must adapt to the new reality, improve competitiveness, increase productivity. We’ve learned that our productivity is growing more slowly than our revenues. This was possible in the context of high oil prices and high rates of economic growth. We must learn to live in a different way: the well-being should rise after the performance. It is a challenge for our economy, and we must respond to this challenge “,” – said Nabiullina.
She also added that the Bank of Russia retains the target of reducing the inflation rate to 4 per cent in 2017. And in 2015, the peak of the annual growth rate of inflation because of the base effect will occur in the second quarter of 2015.
Select spelling error text with error, then press Ctrl + Enter , to tell us about it.
No comments:
Post a Comment