The main statements of the Chairman of the Central Bank of Russia Elvira Neviolina at the plenary session of the State Duma:.
The rate of economic growth of the Russian Federation will gradually increase in the future.
The central bank expects to reach the inflation target of 4% next year.
The central bank specifically eased regulations to stimulate lending to protect production from drone attacks.
Russia's GDP will grow within 1% at the end of the year, despite the loss of economic capacity due to drone attacks.
Investment activity has increased in the last two quarters, and is expected to increase next year.
The central bank predicts that next year investments will increase not only in trillions of rubles, but also in physical volumes.
The real sector of the Russian economy has enough financial resources, but not enough labor productivity.
Further growth in preferential loan programs is a dead end.
Mortgage issuance in the last 12 months amounted to 5.4 trillion rubles.
The road to an affordable mortgage goes through low inflation.
It is necessary to complete "import substitution of low global inflation" for the Russian economy to "stand firmly on its feet".
The ruble exchange rate should be determined not according to the needs of individual industries, but according to its attractiveness for savings.
The period of high loan rates is painful, but it is a necessary means to increase the welfare of citizens in the future.
Considering all the sanctions, the current range of the ruble's fluctuations is not excessive.