20.05.2022, 16:52
The Central Bank Says Russia's Economy Is Adapting Quickly to Changing Conditions
Source: OREANDA-NEWS
OREANDA-NEWS The process of adapting the Russian economy to changing conditions is happening quite quickly. This opinion was expressed by Kirill Tremasov, director of the monetary policy department of the Bank of Russia, according to TASS, Gazeta.ru reported.
According to him, in April and May the regulator conducted a survey among Russian companies. Businesses were asked about various problematic aspects, including questions on supply, demand and employment.
He also added that despite all the tectonic shifts taking place in Russia's economy, the goals of the country's monetary policy have not changed. Price stability is a priority, inflation near 4% is the target benchmark.
Earlier, on May 20 it was reported that the Bank of Russia will cancel the ban on short sales from June 1. In addition, the regulator will abolish restrictions on the purchase of foreign currency "with leverage".
According to him, in April and May the regulator conducted a survey among Russian companies. Businesses were asked about various problematic aspects, including questions on supply, demand and employment.
He also added that despite all the tectonic shifts taking place in Russia's economy, the goals of the country's monetary policy have not changed. Price stability is a priority, inflation near 4% is the target benchmark.
Earlier, on May 20 it was reported that the Bank of Russia will cancel the ban on short sales from June 1. In addition, the regulator will abolish restrictions on the purchase of foreign currency "with leverage".
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