We are constantly searching for south africa telegram data balance. Right now, economic growth is higher than usual, as is demand for credit, and inflation requires a response in the form of a high rate. The result – low inflation – will be achieved, but it will take time.
Dollar to ruble
— In fact, long-term price growth
is not the result of the ruble’s falling exchange rate. Quite the opposite, a weak ruble is a reflection of excessive price growth. It is only an operational indicator, a “litmus test” of stable inflation. Yes, people notice that prices move up following the dollar exchange rate, but this is often a logical error. Even in antiquity, it was noted: “after this” does not always mean “because of this.”
For thousands of years, people thought the Earth was flat and the Sun revolved around the Earth. And if scientists hadn’t figured out how things really were, our lives would be very different.
In exactly the same way, only by understanding that the long-term rate is primarily a reflection of inflation, can we make decisions that will ensure low inflation. And thanks to it, a more stable exchange rate.
Why can’t we just take and peg the ruble to the dollar?
— Firstly, we already had such an experiment in Russia, and it ended in 1998 with the ruble exchange rate collapsing business collaboration: key to boosting team productivity almost fourfold in just six months. The Central Bank ran out of currency reserves at that alb directory time, and it simply could no longer hold the ruble exchange rate in one place.