Central Bank of Russia Department Head Kirill Tremasov said that consumer demand in the country has started to recover gradually, but has so far been slightly below pre-crisis levels. It has been reported TASS.
“Since the beginning of this year, we have seen a rebound in consumer activity, and it is so progressive that the picture is improving month-to-month. But if we compare that to pre-crisis levels, consumer demand is probably still a little weak so far, but approaching pre-crisis levels,” he said.
He also noted that growth factors in consumer demand are growth in auto loans and unsecured loans.
Alexei Zabotkin, Former Deputy Chairman of the Central Bank of the Russian Federation allowedThe Russian ruble may become the most attractive currency for foreign economic settlements. According to him, paying in rubles will help minimize currency risks in Russian trade.
In the April Financial Market Review published on May 11, the Central Bank recorded a decline in the foreign exchange sales of Russian exporting companies. The document says that sales fell by 42%, reaching $ 7 billion. One of the reasons for the decline, the regulator called the increase in the share of settlements in the Russian ruble.