Inflation in the Russian Federation as of November 1 is 8 percent. This was stated by the Deputy Prime Minister of the Russian Federation Alexander Novak at the plenary meeting of the Russian Economic Forum.
“It is clear that the Central Bank pursues a tough monetary policy, as we see, to bring down inflationary processes. In my opinion, this, in principle, is already working. We see that peak inflation, which was in July, where then 9.2%, it is now gradually decreasing.
He noted that a high key rate led to a decrease in lending to legal entities and individuals.
“This can afford only very highly reliable projects, or funded by budgetary funds, state -owned companies and so on. Due to the tariff sources that are given not to stop the process. Therefore, of course, the government is now engaged in measuring support under these conditions of a high key rate, ”said Deputy Prime Minister.
Novak believes that the growth rate of investment should be higher than the growth rate of the economy.
“Last year, I remind you, we have about 10% of the growth rate of investment, this year, according to the results of the first half of the year, also about 10.2%. It is clear that we now see a certain decrease in the investment rate. activity, and at the end of the year we expect that for the year we will have about 7.8% of the growth rate of investment in relation to last year, ”said Novak.