The CBR explained why deny the possibility to stimulate the economy by increasing the money supply. According to the regulator, such action is extremely limited and is not suitable in terms of inflation. In the proof of the Central Bank brings the experience of developed countries. While it remains unclear what exactly the Central Bank has in mind — because, in the opinion of the adviser of RF President Sergey Glaziev, the experience of foreign developed countries shows that such measures are effective.
However, the regulator believes that pumping up the real sector of the economy with money will not have an impact on lending activity. Moreover, if these measures are carried out on the background of low demand for loans, a large number of debts and the lack of real economic growth. The Central Bank assured: such measures may lead to growing risks to price and financial stability, reports IA “SeverInform” with reference to “Izvestia”. About economic stability in the Central Bank’s statement says nothing. Add that answer to the opinion of the Central Bank academician Glazyev is still unknown.
