Sept. 24 - Inflation is the biggest threat to the Russian economy,says Ksenia Yudayeva, First Deputy Chairwoman at Russia's central bank, and explains how she'll target it as a key part of monetary policy.
The Russian Central Bank resisted rate cuts and held its key rate streaming not these first -- governor of Russian Central Bank. Seeing you got to see him at thank you for joining us your appointment was seen as one of the -- tilts the decision making of the Russian Central Bank swords. More rate cuts in the long -- out T think that more rate cuts leave it. While none of the patents on the solicitation -- the economy on inflation. Or not I'll put annoys me -- potential out of the center and how ease the situation and the economy and that inflation. I'll while economies of land slowed down. She feels like class and 2%. -- afraid to hearing here. We think that horror. And trying to affect his difference with me. When interest policy instruments. Will -- bring significant results. Only any hands plantation steal a point behind. On its roughly six point 2% to Eads in -- I'll attacking its inflation expectations I'll also point. -- tiny and of course and that's. Are we have had conditional. On -- signal that find his morning trade policy to attack. I'll look forward to column on being you know group results in terms off. In terms of growth creates Mitt Romney can happen to affect complexion. These Central Bank. And criticized the -- for weaker Ruble. Do you think the week groove rule. Would be that's four economy or would be down mentioned the economy. We now almost -- -- trade. And mobile -- chance to get over the fundamentals so if globalism lined with fundamental. Ten 82 for me it's a sufficient opportunities for economy to grow. So does that mean that the Russian Central Bank has been moving from the operable exchange rate targeting to inflation target and has -- too much. Does not care about what happens here and there will exchange rate from now on all of planned East Timor to inflation -- -- see you don't care about frugal as much as you do about inflation on yes renowned yes. -- -- While being -- sit alone when -- -- fund sounds on and -- inflation IRA time eighteen. I is that a for a crime he you know in the -- in a -- all -- significance location for instance in. Prices cell phone -- went you know significant associations -- -- -- Iron in the eighteen -- ten. What kind of work hasn't -- -- symbolize a forty point me trying to. I'm -- get eighteen feet. And CD before didn't help us teens fifteen to 48 crisis and all kind of problems contempt and then. If you work to pay could the biggest problem in the Russian economy now what will then be. And it's while I would still -- investment plan. Investment climate. And why do you think it he's the single biggest problem. Iron because Russian economy needs to respond. To members planning investment plays that don't happen. I'll why is that not happening. Well former all all I know. Mean and which ones. On including tough ones like me can occur. -- legal system what combat that and food can all be done or not. Unfortunately. All kind of changes each Russian equipment needs to all go through right now. They cannot happen overnight to replace -- picking their meaning meaning people that.