Printing and distribution of money Russians will not worry the economy, but will lead to inflation. Such a negative consequence was called the head of the Central Bank of Elvira Nabiullina in an interview with Komsomolsk Pravda.
“Demand will grow, and there is no sentence, and there will be only an increase in inflation instead of economic growth,” she noted. Nabiullina also said that the decline in the key rate to zero values would lead to a sharp increase in inflation. “It would be exactly two-digit figures. There would be several difficult consequences at once. First, the ruble exchange rate fell. Secondly, the business would stop investing in development,” the head of the Central Bank.
Explaining why this does not happen in developed countries, Nabiullina said that they have accumulated experience, confidence in the authorities. ” Therefore, no one runs to the stores, and everyone understands: if there is a jump, then inflation will quickly come back to normal. According to her, in developed countries, raising the rate can become a problem due to large debts. In the Central Bank it is believed that the for the next months inflation is likely to rise a little more, and its decrease will begin in the fall.
Nabiullina also called the reason for rising prices in Russia. According to her, the whole thing is in the imbalance of supply and demand. She also believes that freezing prices is dangerous, as this can lead to a deficit of goods.