Russians don't need a cheap mortgage, but affordable housing," Nabiolina. She said the impact of preferential mortgage programs was offset by rising real estate prices.
Other statements:
GDP will increase within 1% by the end of the year;
The central bank expects to reach the inflation target of 4% next year.
Investments fell by 10%.
The current period of expensive loans is necessary for the future growth of the welfare of the citizens, despite all the difficulties involved.
There are 3 contradictions in one message - they want 4% but keep expensive loans, and there is also a reduction in investment by 10%.
Where does the GDP growth come from if there is a decrease in investments, inflation and expensive loans? This is a complete lie.
It is intriguing how they describe growth.