CB called to prepare for a new crisis

The onset of the new crisis is inevitable. This was stated by the deputy chairman of the Central Bank Alexey Kakotnn, writes TASS.

He also noted that current economy support measures are timely as anti-crisis. However, when the crisis is over, they should be removed for the normal development of the economy, called Bainzkin. “These measures will remain in our arsenal, and if the next crisis comes, and it will come inevitably, we will use this arsenal,” the deputy chairman of the Central Bank stressed.

The Bank of Russia will be ready to increase the key bet above six percent under certain scenarios, said Kabin. According to the results of June, for the first time in five years, inflation in Russia in annual expression exceeded six percent. This circumstance forced the Central Bank to tighten the monetary policy and to raise a key rate for the third time in a row, and for the second time – immediately by 0.5 percent (up to 5.5 percent per annum).

The fact that the world economy in the coming years is waiting for a new large-scale crisis, the head of the State Duma Committee on Budget and Taxes Andrei Makarov has previously stated. Next to the new crisis, the Great Depression will seem to the children’s toy, he believes.

/Media reports.