I would like to emphasize that we iran telegram data do not have the task of stopping lending. The main task of the Bank of Russia is to achieve low inflation across a wide range of These are not the same thing.
Our forecast assumes growth in crit, both consumer and corporate, in 2024 and beyond. But this growth should now be more moderate than in 2022-2023, when it was necessary to accelerate the recovery of the economy and its adaptation to sanctions. This was precisely what the rapid rate cut in the summer of 2022 was aim at.
We see a noticeable slowdown in crit
growth in certain segments – market mortgages, corporate loans at fix rates. However, for inflation to return to 4%, this slowdown nes to become even more noticeable. Both the additional increase in interest rates in recent months and the ruction in the perimeter of preferential lending programs will affect this. It is worth noting that a noticeable increase in rates occurr already in May-June in response to higher inflation and expectations of an increase in the key rate.
— Is high inflation really that customer service and its impacts on consumer loyalty important if the rate of economic growth is also high?
The contrast between high economic
growth and low inflation is deceptive. Economic growth is true when it continues at a steady pace year after year. But it is also alb directory imaginary when two or three years of growth are follow by a recession, and ultimately the economy is stuck in place.