Evgeny Goryunov on the RF Central Bank’s current monetary policy
In a comment for Nezavisimaya Gazeta, Evgeny Goryunov, Head of the Monetary Policy Department at the Gaidar Institute expressed his opinion on the possible consequences of the current monetary policy amid the Central Bank of Russia’s statements about slowing inflation on the eve of the key rate revision.
The expert noted that the current high interest rates created difficulties for the Ministry of Finance of the Russian Federation. "High rates create very uncomfortable conditions for the Ministry of Finance, because they, firstly, reduce aggregate demand, which means a decrease in tax revenues, and secondly, they increase the cost of budget loans," explains Evgeny Goryunov.
Friday, 18.04.2025