the Central Bank takes into account the risk of a second wave of the pandemic coronavirus infection COVID-19. About it today on a press-conferences were declared by the Chairman of the Bank of Russia Elvira Nabiullina.
She assured that the regulator is considering “various risks to its baseline scenario”. “Of course, such risks exist, especially in different countries, we see in some, there can be realized the risks of the second wave. But, nevertheless, as many experts, analysts suggest that even if the risk is realized, we have already prepared some more, and this is unlikely to be associated with the same level restrictions”, — quotes the PRIME head of the Central Bank.
however, she said, the Bank of Russia sees no need for additional measures to support the economy, since “the principal measures of the government first of all, will continue to operate until almost the end of the year.” “These are serious actions that have an impact on the economic activity, supporting it”, — said Nabiullina, whose words leads TASS.
the Head of the Central Bank also predicted that consumer crediting in Russia in 2020 will grow by 4-5%, while the April rating of the regulator expected drop in the consumer lending “5 percent”.
earlier, on Friday, the Board of Directors of the Bank of Russia lowered the key rate by 25 basis points to 4.25% per annum. The rate was lowered for the fourth time this year and to a new historic low.
we also Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and civilgiven.
may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19.
on 2 June Prime Minister Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent a revised draft of the national plan.
July 2, Deputy Minister of Finance of the Russian Federation Vladimir Kolychev said that the total cost of the measures (the bailout package), aimed at combating the spread of coronavirus infection in Russia and mitigating economic impacts from restrictions imposed, estimated to be worth about 4 trillion rubles. According to him, the main focus of the budget measures were made on several fronts: strengthening health systems, supporting citizens and businesses, the balancing of regional budgets.
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