The main factor that limits growth in the country is the main rate of the central bank, the head of the bank German Gref said.
Russia’s economy in the second quarter of 2025 has really stopped – today the state of “technical disruption” is observed in the Russian Federation. About it on Eastern Economic Forum In Vladivostok, the leader of the largest Russian Federation bank, Sberbank German Gref, reported reports of the Russian News Agency.
“The second quarter can be considered as a technical discharge. July and Augustus show clear symptoms as we approach zero marks,” the official announced.
In his opinion, this led to a combination of geopolitical factors, changing the ruble and a downfall of prices in raw materials.
The main factor that limits growth is the main rate of the central bank, and now it’s 14%, and this level is not enough to stimulate lending.
He believes that economic resurrection is only possible with a decrease at a rate below 12%, otherwise the risks of retreating, that is, the economic collapse, will grow.
Gref emphasized that even the nominal rate is important, but the true one, that in Russia is one of the highest in the world.
According to him, the Russian economy remains under pressure of many factors. Among them are penalties, uncertainty in world markets and an increase in business costs. Without repairing the financial policy, the economy runs the risk of being trapped in the stagnation zone for a long time.
The International Monetary Fund hopes that after two years of military boards, the Russian economy will return to the usual state of mobilization and will continue to accumulate a lag from both developing countries and developed countries.
According to the IMF forecast for July 2025, this year the Russian GDP growth rate was slow to 0.9% and up to 1.0% in 2026. In 2024, growth was at 4.1%.
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Source: korrespondent
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