There are reasons to raise the key interest rate in Russia, but it is not known whether this will control price increases. This conclusion was reached by the managing director of the Institute for Growth Economics. Stolypin Anton Sviridenko speaks to the agency “Hit the primer”.
According to him, the key rate in the Russian Federation has been at 16 percent for six months and inflation has not decreased, on the contrary, it has been increasing recently. He explained that it would be possible to objectively evaluate the price increases from August this year, when the high base of the previous year came into effect, but there are already reasons to believe that the process has been delayed.
Sviridenko noted that the interest rate has a dual effect on inflation: an increase in the rate encourages people to save, while the high cost of loans forces producers to raise prices, which leads to additional expenses and a new phase of inflation.
Alina Dzhus/socialbites.ca
Russian authorities have prepared tax changes for citizens and businesses. In particular, it is proposed to introduce a progressive scale of personal income tax (NDFL), changing wages for wealthy Russians from 15% to 22%, and increasing income tax for companies from 20% to 25%. The Ministry of Finance presented the changes to the government on May 28. Who will be affected by the changes, why are they being implemented, and where in the material are the revenues planned to be directed? http://www.gazeta.ru/business/2024/05/28/19160503.shtml“Newspapers.Ru”.
Previously Siluanov named The reason for tax changes is the will of the society.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.