and we had to keep the economy from falling sharply. That is why, after a sharp increase, we quickly lower the key rate as soon as the threat to france telegram data financial stability had pass. At that time, the economy had free resources, and our measures allow demand to recover more quickly, so that they could be us with maximum benefit.
– And what now?
— We are now in a situation where demand
is growing rapidly, fuel by internal factors. This includes rapid growth in lending and large-scale budget expenditures. Since 2022, the volume of rubles in the economy — what economists call the money supply — has grown by almost 43 (!) trillion rubles. That is, by almost 65% in less than 3 years. Over the past 25 years, there has not been a single episode of such growth in such a short period of time. And yes, production continues to grow at a good pace, but this is not enough to satisfy overheat demand.
As a result, prices are growing faster
than we would all like. The main limitation for expanding production is an acute shortage of resources. First of all, workers. According to choosing the right email marketing service provider our surveys, we see that 73% of enterprises in the real sector are experiencing a shortage of personnel.
So now the high rate level is a response to overheat demand. And a tighter monetary policy and a longer period of maintaining high rates are ao lists ne to cool demand and ruce inflation. Otherwise, price growth will accelerate.