The head of the Central Bank is confident that with moderately tight monetary policy and high interest rates will create conditions for investors took intelligent and calculated decisions.
MOSCOW, 13 Oct.Prime. The head of the CBR Elvira Nabiullina believes that in the conditions of ongoing regulator of the moderately strict monetary and credit policy it is possible to achieve economic growth.
“Is it possible in conditions of tight monetary policy, high interest rates to have economic growth? In my opinion, you can. Our policy, tough on inflation on the contrary helps to ensure that economic growth is sustainable, healthy. Not using artificial pumping cheap money in different projects, not always, can be effective, and creating conditions for private investors took sensible, calculated decisions in predictable conditions,” — said Nabiullina, speaking at a session of the forum “Russia calling”.