CBR sees the rate of monetary inflation risks increase growth
Money supply growth does not create risks for higher inflation in the Russian Federation, the chairman of the Bank of Russia Elvira Nabiullina.
"We do not see the risks associated with rising inflation", – she said at a forum "Russia Calling!"organized "VTB (MCX: VTBR) Capital".
"We happening spending of reserve funds, we see that the system can go into a stage of structural liquidity surplus"- she said.
"Incidentally, we welcome the fact that the Ministry of Finance is now changing the proportion of the expenditure of reserve funds and borrowing, because we will have less absorption. Otherwise, the Central Bank would have absorbed much more", – he added the head of the Bank of Russia.
Nabiullina also said that the Bank of Russia welcomes the Ministry of Finance plans to increase volumes of internal borrowing, it will not affect the interest rates on the market ,.
"We welcome the fact that the Ministry of Finance will change the proportion of the expenditure of the Reserve Fund and borrowing, because we will have less absorption (liquidity)", – she said.
"Increasing the share of loans from the Ministry of Finance will not have an impact on interest rates", – he added the head of the Central Bank.
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