Chairman of the Central Bank of the Russian Federation Elvira Nabiullina says that Russia is now a popular easy economic solutions, such as artificial undervaluation of the ruble. However, the result of such decision becomes getting into the “vicious circle”, the consequence of which can be events similar to the Brexit (British exit from the EU). The head of the Central Bank said, speaking in St. Petersburg at the International financial Congress, the correspondent “of Rosbalt”.
“You can hear the promise that by typing one or two trillion rubles and by giving them in the form of cheap loans, we get a steady acceleration in economic growth without significant inflationary consequences. Even under this summarizes the pseudoscientific base. To easy solutions might include suggestions about the artificially low exchange rate”, — said Nabiullina
In addition, it recalled that in 1990-e years Russia practiced “easy decision” that led to a prolonged downturn in the economy, which was accompanied by high inflation.
