MOSCOW, June 5 – Trend Wire. Investments in Russia will begin to recover as inflation and the key rate decline, while real rates in the economy are high, said Russian Deputy Prime Minister Alexander Novak.
“Lending has decreased somewhat due to the fight against inflation and the prevention of growth in the money supply, and a high key rate. In my opinion, the real rate is still quite high,” he said at a Sberbank business breakfast at the SPIEF.
“And as, let’s say, these issues are resolved, as inflation declines, which has already dropped to 5.3% as of June 1, these processes will be restored. Funds for investment will appear through credit and borrowed funds,” Novak added.
This year the St. Petersburg International Economic Forum takes place from June 3 to 6. Trend Wire is the general information partner of SPIEF.
Source: Ria