According to the President of Association of Russian Banks (ARB)
Gagerin Tosunyan, Russian banking community will insist on reducing of
refinance rate to increase
credits’ availability. “We’ll make a proposal to Central Bank of the
Russian Federation
about smooth reduction of the rate. It is necessary measure in credit
risks
conditions”, he said.
Speaker of The Federation Council Sergey Mironov also confirmed that Russian monetary
policy should be changed for credits’ availability, and antitrust policy totally
must be reconsidered. He is sure that economic development is impossible with current
credit rates.
Russian banking community also supports measures of refinance rate’s
reduction. In its turn, officials of Central Bank of the Russian
Federation declared that
the CB is not ready to reduce the rate.
Banki.ru
