Putin: cheaper loans for business can increase inflation

Putin: cheaper loans for business can increase inflation


In terms of inflation, the cheapening of loans for business could have a negative impact on the operations of entrepreneurs, said President Vladimir Putin, stressing that to act in such a situation it is necessary extremely carefully.

STAVROPOL, 25 Jan. Cheaper loans for small and medium businesses can contribute to acceleration of inflation, it is necessary to act carefully and on the basis of Russian reality, said the President of the Russian Federation Vladimir Putin.

“In terms of inflation, if we go on this way reduce the cost of loans, we can disperse it so that the business community and we thank you for it I will not say. Just now, this inflation will change the entire economy and the income of the population was killed, and the incomes of entrepreneurs will kill you. We must therefore act very carefully and on the basis of our reality”, — Putin said at a meeting of the inter-regional forum of the popular front, responding to the proposal to develop the domestic business for example China.