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As found with Ignatyev, the problem is indeed serious, but in his view, the banks operate reasonably well and quite quickly build up reserves for possible losses on loans. " In addition, growth of overdue debts are based on extrapolation of past trends. At the same time, the level of arrears is directly dependent on the financial situation in the real sector of the economy. Implicitly, it is assumed that the financial situation of the real sector would continue to deteriorate, but this is not true, said the head of Bank of Russia.
Sergei Ignatiev recalled that "world oil prices stabilized at a level higher than our forecast of $ 41, as well as complete devaluation of the ruble, which is unlikely to go beyond the upper bound of the corridor bivalyutnoy established his authority. "Russian producers have received a competitive advantage compared to foreign. From November 2008 to March 2009 the real effective exchange rate decreased by 13.6%. The benefits to banks of foreign exchange as compared to lending to the real sector is questionable. The situation with ruble liquidity normalized. Interest rates on the interbank market declined. And finally, last: Government measures to support the real sector will necessarily effect "- has assured the head of Tsetrobanka. He also reported on the possibility to reduce the refinancing rate from the current level of 13% as the slowing of inflation.
utro@utro.ru (Peter Stravinsky)
News comes from utro.ru
News comes from utro.ru
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