00:00recent years our growth exceeded the median European one it's around 0.6
00:10percent right now but the growth is continuing perhaps it will surpass the
00:15previous estimates and once again I would like to say this is a matter of
00:19principle if we manage to preserve the main advantages of our economy namely
00:24that we have a very stable lively economy very healthy macroeconomy everything will
00:34be sorted and I would don't want to get ahead of things and to pump money into
00:43the economy and expect it not to influence inflation that would be a
00:48dangerous way of thinking a dangerous one in the conditions of hiking
00:54inflation it is unwise to build the plans for long-term investment and
01:00development it's almost impossible to do so so here the discussions between
01:05ranging between what we should do increase the monetary supply or some more
01:13conservative estimates that we should be more careful perhaps the truth is in the
01:17middle and almost every day I'm meeting with representative of businesses and the
01:24banking industry I know those things those things all too well I monitor them I
01:32observe it that there is a discussion between two diverging points of view and
01:36perhaps an optimal decision will be found and stability will be ensured and in
01:42conditions of stability there will be a place for investment as for the
01:47interaction with the Russian business it's built on a stable good foundation we
01:53know that because we're in constant contact with our colleagues some of them are
01:57represented in this very whole we understand what they understand of what
02:03the kid key rate increases related to they know about the state economy I know I
02:12would like to remind everyone that this is a conscious decision linked with the need to
02:15maintain the microeconomic stability if we don't reach that goal there is no
02:20there could be no talk about investment we need to resolve this task macroeconomic
02:24stability is our primary goal and I already mentioned that there were double digits of
02:32inflations previously what investments could we talk about if we are having a two
02:37double digit inflations that's why we increased at the rate it's in the
02:43inflation decreased conversely to a level of 6.3 percent so the situation is
02:49slowly normalizing generally I know that there's been mention of
02:58representative representative of the industry mentioning their concerns what
03:04the financial sector presents if I talking about many think that the
03:08government and the central bank is overdoing some of the efforts when it
03:14comes to the regulation that perhaps it is now time to switch to a softer
03:22loaning and monetary policy but it's in general situation is stable now I believe
03:30that this is not the case even in the year of 2022 when people some had some
03:36apprehensions connected with the events we all know about and some investors came to
03:43the banks and in order to have cash from the air deposits and the banks give out
03:52cash and this all and it's just at once and the money came back to the banks and
03:59now we understand what is going on the rates are high and people bring cash to the
04:04banks and when situation will be the reverse the situation will change and we
04:10all understand this and this all will function like this and in the positive
04:16manner I believe
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