MOSCOW, 1 March. The President of Russia Vladimir Putin has cautiously reacted to the idea of buying Central Bank bonds of Fund of industry support due to the risks of inflation.
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CBR: Russian economy will continue to “feel the bottom” in the coming months
One representative of the CCI appealed to Putin with a request to give the government the mandate to consider release of Fund for support of industry non-marketable bonds in the amount of 400 billion rubles at an interest rate of 4% per annum to such securities was redeemed by the Central Bank of Russia.
“Some colleagues believe that nothing from the point of view of inflationary processes will not happen, and some fear that inflation will jump. And if that happens, then all our efforts to support small and medium businesses are set to zero. You know, I still refrain from retaliatory orders, because here you need to be very careful,” he said.
According to Putin, “of course, I would capitalize the development Fund industry.” However, the Central Bank “and so the government helps and supports the economy”, for example, through project financing, he said. “Everything is good in moderation. We will closely watch the development of these processes, and can be, at some point it will be in demand,” he added.
Vladimir Putin, President of Russia, the purchase of bonds of the Fund for support of industry
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See also
Vladimir Putin’s speech at Congress Trading-industrial chamber. Text translation
