Central Bank stated reason for fall of Russian revenues

The rapid growth of lending without expanding the production capabilities of the country leads to the appearance of “bubbles” in the markets. This is stated in the document “The main directions of development of the financial market of the Russian Federation for 2022 and the period of 2023 and 2024,” published by the Central Bank (CB).

Regulator in lending growth, which is not supported by the expansion of production, sees the reason for the separation of the value of goods and assets from fundamental factors, acceleration of inflation, falling the rate of economic growth and real income of citizens.

CB believes that stimulating economic growth only with the help of financial market tools and with a support for borrowed funding without solving structural problems can lead to negative consequences for citizens and business. It is important to have attractive investors for investors of investment of funds and companies with transparent strategy and effective activities, it is stated in document.

High inflation in the United States will affect the entire global economy, said Russian President Vladimir Putin earlier. According to him, in Russia inflation “let not so significant, but still comes out for our targets.” He called for coordinated actions due to the increase in prices.

/Media reports.