The main thing from the statements of the head of the central bank, Elvira Neviolina, at the plenary session of the State Duma:
The growth rate of the Russian economy will gradually accelerate in the future.
The central bank expects to reach the target inflation level of 4% next year.
The central bank especially softened the regulations to stimulate loans for measures to protect production against UAV attacks.
Investment activity increased in the last two quarters. It is expected to rise next year as well.
The central bank anticipates an increase in investment not only in financial terms, but also in physical terms.
The real sector of the Russian economy has sufficient financial resources, but labor productivity remains insufficient;.
Another extension of preferential loan programs is a dead end.
Over the past 12 months, the volume of mortgage loans issued amounted to 5.4 trillion rubles.
You can make mortgages affordable by reducing inflation.
It is necessary to complete "import substitution of low global inflation" so that the Russian economy "stands firmly on its feet";.
The ruble exchange rate should be determined not according to the interests of individual industries, but according to its attractiveness as a means of saving.
The period of high credit rates is painful, but necessary for the future growth of citizens' well-being.
Given the current sanctions, the current range of fluctuations in the ruble exchange rate cannot be called excessive.
Photo: Kremlin website.