Central bank makes gross errors

The central bank makes gross errors

Central Bank of the Russian Federation
It makes gross errors due to
unprofessionalism of management, he said
in the air, “Russian news service”
President of Advisor
regional economic integration
Sergei Glazyev.

“This is my opinion and the opinion of
section of the Russian Academy of Economics
Sciences, which conducted the examination of the project
monetary policy for the coming
years and concluded incompetence
actions of the Central Bank leadership. they admit
Blunders prescribed against
Inflation medicine that is worse than the
disease “, – he said.

Rising interest
rates led to the fact that loans have become
completely inaccessible for most
part of the manufacturing industry, says
President’s advisor. In addition, it
It complicates the situation with the outflow of capital,
He adds the eyes. “In a situation where there is no
sense to invest in the development of credit
production, due to the fact that profitability
lower interest rates, capital leaves
from the productive sphere “, – he explained
he.

Glazyev also confident
what else can you fix the situation –
you need to come to grips with foreign currency
regulation.

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