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2021-06-12 Caucasus/Russia/Central Asia
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Russian central bank raises a key rate
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Direct translation of the article
[REGNUM] The increase in the key rate by the Central Bank (CB) of Russia to 5.5% may be dictated by foreign policy factors. Economist Vasily Koltashov told a REGNUM correspondent about this .
The expert noted that the second consecutive increase in the key rate by half a percent at once in the Central Bank is explained by the fact that the Russian economy is on the mend, therefore, the rate can be raised. Critics of this position say that this makes it more difficult to lend to households and small and medium-sized enterprises. This leads to the fact that big business is in a better position.
"I must say that such criticism is fair, but neither the statements of the Central Bank, nor the position of the critics explain everything that is happening. I do not think that the rate hike is entirely correct, but I can assume that it is dictated solely by foreign policy circumstances," the REGNUM interlocutor said .
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Posted by badanov 2021-06-12 00:00||
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