Siluanov suggested not to think about raising the key rate, “otherwise it will come true”
Russian Finance Minister Anton Siluanov suggested not to create unnecessary expectations regarding an increase in the key rate.
He noted that thinking too much about it could lead to undesirable consequences.
"When you think about it too much, it can come true," Siluanov emphasized. This is reported in the RBC article.
The minister also answered a question about the preference between a high rate and high inflation.
He believes inflation hurts low-income people and companies whose spending outpaces inflation.
According to him, the first priority should be to solve the problem of inflation.
In addition, Siluanov emphasized that the ruble exchange rate is more important for exports than the rate.
In difficult economic conditions, export support will continue through the national project and budget measures.
