Governor of the Central Bank of Russia, Elvira Nabiullina, said at a press conference after the board meeting that the main limiter to the development of production in the Russian Federation is not money, but personnel. RIA News.
“We see the main limitation in the development and expansion of production. Our surveys show this. “These are labor resources, labor resource constraints,” he said.
Nabiullina noted that today, organizations can get loans and purchase additional equipment to expand their own production, but they cannot find additional workers unless they receive incentives from other organizations and other sectors.
“Then the production of these enterprises and industries will decrease. The overall impact on the economy would be a near-zero change in economic growth. So what is going to happen? Inflation will accelerate,” added the head of the Central Bank of Russia.
Elvira Nabiullina also said that cash will not disappear in Russia. There sue.
On September 15, Elvira Nabiullina said at a press conference that the Bank of Russia raised Key rate, including against the backdrop of the weakening ruble.
Earlier, at the meeting of the board of directors of the Central Bank of the Russian Federation held on Friday raised The key interest rate was increased by 100 basis points to 13%.