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Wednesday, September 27, 2023


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WorldAsiaPutin urged Cabinet to avoid sharp rises in inflation in Russia

Putin urged Cabinet to avoid sharp rises in inflation in Russia

The Russian monetary authorities should adjust their policy so that there is neither a sharp increase nor such a rapid decrease in the inflation rate in the country.
This was stated by Russian President Vladimir Putin, according to the DEITA.RU news agency with reference to Interfax.
According to him, a rapid increase in the consumer price growth index and its excessive slowdown are unacceptable in Russia at the same time. At the same time, as noted by the Head of State, the Central Bank and all other relevant departments should strive to set a target inflation rate, set at only 4% per year.
It is the work in this direction, as the Russian leader noted, that is able to provide the country with lasting indicators of increased domestic demand. Putin also stressed that today this aspect is one of the most important priorities of the state in the economy, because. this is one of the main conditions for Russia’s transition to growth.

At the same time, the president drew attention to the fact that the economic performance of the countries has shown good momentum since the middle of last summer. In this regard, so that they do not fall in the future, Putin urged members of the government not to slack off. On the contrary, the Head of State urged officials to reinforce all positive trends.

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