The Central Bank of Russia does not plan to return to loose monetary policy yet due to overheating in the economy. RIA Novosti – said Central Bank Deputy Governor Alexey Zabotkin on the sidelines of the Capital Markets forum.
“If for some reason additional shocks or other factors arise at some point in the future where the economy may face a situation where productive resources are significantly underutilized, <…> Of course, under these conditions, we, like any central bank, will be ready to pursue a soft monetary policy,” Zabotkin said.
Other reasons for easing credit policy included a significant increase in unemployment and inflation falling below target levels. Zabotkin recalled that the Central Bank significantly eased its policy in 2020, but this is not on the agenda at the moment.
Formerly an economist appreciated Consequences of changes in tax on bank deposits in Russia.
Previously the Central Bank stated On the need to further tighten monetary conditions.