Deripaska argued with the Central Bank about inflation

Russian billionaire Oleg Deripaska argued with the Central Bank about inflation and rates Central Bank on inflation and rates. His words are quoted by RBC.

“You are constantly moving the demand curve down, and it seems to you that in this way your equilibrium point will also shift. But we need to provide an offer, ”he stated. Deripaska believes that at current rates, there will be no increase in supply. He is confident that now it is necessary to increase the supply, pour money into logistics so that goods “move faster.” nothing more than a lie. According to the businessman, the Central Bank should be made responsible not only for monetary policy, but also for the country's economic growth.

Deripaska has repeatedly called for expanding the Central Bank's mandate, believing that in this case the regulator will be forced to change the way to fight inflation. The billionaire insists on a sharp cut in the key rate, which will provide loans to the real sector of the economy.