The actions of the Central Bank to increase the key rate do not lead to a slowdown in inflation, but only to its growth, the economist considers the State Duma deputy Mikhail Dlyagin. In a conversation with “Tape.ru”, he criticized this decision of the regulator and noticed that the main reason for inflation in Russia – the arbitrariness of monopolies. As a result of the actions of the Central Bank, in his opinion, only grow food prices and will decrease the standard of living.
On October 22, the Central Bank sharply increased the key bid by 0.75 percentage points – up to 7.5 percent per annum. According to the Central Bank, inflation is currently developing significantly higher than the forecast and by the end of the year should be 7.4-7.9 percent. “Contribution to inflation from sustainable factors remains significant due to a faster expansion of demand compared to the possibilities of increasing the issue. Under these conditions, and taking into account the newly promoted inflationary expectations, the balance of risks for inflation is significantly shifted towards the intelligence,” the report says.
illiterate
“in the world as a result of dollar pumping, prices fly to heaven, and we import this practice to themselves. Well, and, of course, monopolies. Nabiullina wants to be a hostess. If now she recognizes that inflation does not depend on the amount of money supply. , then automatically recognizes that the Bank of Russia from the administrative point of view is not the main department of the country, “explained deleagin.” Therefore, it makes money more expensive, reducing the amount of money supply, simulating the fight against inflation. “
The emerging situation, as the deputy noted, is extremely beneficial for speculators: Russian securities receive a pulse to raise the course, the national tax is strengthened. Nevertheless, according to him, the population of the country does not expect anything good.
“When the money mass is in excess, the increase in the cost of money is constrained by inflation. But when they are not enough, it is accepted on the contrary. This is happening, because the cost of loans begins. Monopolies that are practically absolute in our trade in the interest rate. In the cost of goods, which, naturally, leads to an increase in the price for the end user. And since the competition is weakened, no one limits the monopoly in this, “the politician said.
As a result, according to Delägin, the Russians faced the intentional measure under the cover of anti-inflammonary. The only reasonable step, as he believes it would be an increase in the money supply that, with a decrease in speculation, would contribute to the fight against inflation, since additional funds would go to an increase in the trade sector.
“It turns out, prices would decrease due to the growth of business activity. But, alas, for Nabiullina it is too complicated. And it is also unprofitable: as far as I can judge, she, as a true liberal, serves financial speculators against his country, and not His country against external competitors, “concluded delyagin.
The next meeting of the Board of Directors of the Central Bank, on which the issue of changing the key rate will be discussed, will be held on December 17.