Monday, April 20, 2015

Retailer: Predictions about the decline in food prices today are doing just populists – Rosbalt.RU

Rosbalt, 20/04/2015 18:57

KALININGRAD, April 20. Today, forecasts a decline in food prices due to the appreciation of the ruble made only populists, the chairman of the board of directors of companies “Vester”, the deputy of the Kaliningrad Regional Duma Oleg Bolychev.

 “I consider forecasts of lowering prices as populism. It is premature to say anything. The situation is volatile, its change can occur at any time, and this is no reason at all for any predictions. Now the waiting period. If the situation will stop on the way now, then after two or three months the price will go down. If the situation will change, it is even more frantic, “- said Bolychev” Rosbalt “.

 He stressed that today suppliers and food manufacturers are afraid to lower prices, thus hedging against economic risks.

 “We will introduce negotiate with them for about a month, negotiations are very difficult. And many vendors not only lowered prices, and increase them. We do not sign these contracts,” – said Bolychev.

 According to him, in order to reduce food prices today requires not only strengthening of the ruble, but the decision of the Central Bank’s interest rate for business.

 “Banks continue to raise interest rates and lowered. Everyone is waiting for the decision of the Central Bank’s interest rate. If a positive decision will be held, after two months, the bank will lower interest rates. That is, if the decision will take place in May, the August 1, banks will lower interest rate. That’s what will really be a great help to reduce prices. The increase in load bank for the past six months, there was one and a half times. This is a fantastic growth, which is incredibly difficult to withstand all “- said Bolychev.

 According to him, the low interest rates for business “is much more global problem” than the dollar. “All in the course rested, and in fact the course is directly dependent on the price of oil. And what it will be 50 or 60 – I can tell you for sure – nothing will change. Between 50 and 60 to 10% difference, it is not very palpable. It’s frustrating, of course, but not very noticeable. And Kaliningrad need to focus not on the dollar, and the euro, because we live in evrov zone. This oil with the gas industry live in the dollar zone, and a large Russian – there is generally do not care, there is real development of local production, “- said Bolychev.


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