Arab Today, arab today crisis will lead to inflation to depreciate debt in russia
Last Updated : GMT 06:12:10
Arab Today, arab today
Arab Today, arab today

Crisis will lead to inflation to depreciate debt in Russia

Arab Today, arab today

Arab Today, arab today Crisis will lead to inflation to depreciate debt in Russia

Moscow - Ria Novosti

The current international financial crisis is likely to lead to inflation in order to make debt cheaper, Russia\'s Central Bank First Deputy Chairman Alexei Ulyukayev said in an interview with Kommersant business daily on Friday. Ulyukayev said the current crisis was triggered about 10 years ago when monetary authorities started issuing liquidity which was invested in badly assessed risks. \"There are two ways to solve the problem,\" he said. \"Careful coordinated policy adjustment on a global scale is an unlikely scenario. The second, more realistic way to solve the problem is through inflation, which means depreciation of debt. There is a whole range of different options in between these poles. There are no chemically pure decisions - a working instrument is always somewhere in between. The important thing is which pole it is closer to.\" Europe has failed to introduce unified fiscal rules, he said, which added to the monetary origins of the crisis. \"The problem is that it is easier to set unified norms for market participants than to change fiscal rules. Because fiscal rules are your relations with taxpayers. And they vote for you,\" Ulyukayev said. \"This is the collision of policies and rational financial regulating. This is the deadlock for Europe and for America to a lesser extent.\" Ulyukayev said that a unified economic policy must include a policy of minimal risk which would mean reigning in banks\' appetites for high margins. \"We will have to start a period of low margins and moderate credit portfolio growth. We should retain a 10 percent real (credit portfolio) growth for 10 years. It is better than getting 50 percent in the first three years and then falling through the floor and trying to climb back again.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today crisis will lead to inflation to depreciate debt in russia Arab Today, arab today crisis will lead to inflation to depreciate debt in russia

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today crisis will lead to inflation to depreciate debt in russia Arab Today, arab today crisis will lead to inflation to depreciate debt in russia

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday