Bees for honey: Gref showered compliments on the Central Bank
Russia's financial monetary policy over the past 6 years has been one of the most successful in the world. Chairman of the Board of Sberbank of Russia German Gref stated this today at the St. Petersburg International Economic Forum.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
“The Central Bank, headed by Nabiullina, can claim to be one of the most successful banks. As a person who fell under all these innovations and reforms, I absolutely agree with this. The most important thing is that our monetary policy has radically changed, leading to the inflation level being stabilized,” Gref said.
He predicts that in a few years the Russian financial system will fundamentally change.
“The risks that have been accumulating there for decades have been greatly reduced. In a few years, we will have a fundamentally different quality of the banking and financial system,” Gref said.
It is noteworthy that for the Russian economy as a whole, he called the same period “lost years,” when the average GDP growth rate was 1%.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.