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пятница, 18 февраля 2011 г.

Seductive inflation

 Each time a note-experts or officials of the Finance Ministry forecasts inflation, they inevitably fail. And even more frequently than meteorologists in weather forecasting. But, as we see them a little confused, and they again and again issue their false predictions.
Last year, inflation was 11.9% (an initial forecast of 8%). This year, the Finance Ministry and central bank originally planned to keep the prices this year, within 8.5%, and now talking about 12%.
Was no exception, and Arkady Dvorkovich, who just two months ago, said that inflation will not exceed 10%, and now argues that "the price increase for the year will be more than 12%."

 
Writes GAZ.RU, in the article "Inflation is invincible:" Assistant to the President for Economic Affairs Arkady Dvorkovich said that inflation for the year and may cross the 12% ". And it will happen by the way Dvorkovich explained that there was a financial crisis. "We slightly exceeded those benchmarks that have recently stated," - said Dvorkovich. Causes a full-blown inflation two. First, of course, rising food prices on world markets. The second - a relatively loose monetary and fiscal policies. Financial authorities tried to tighten it, but to bring our plans before the end prevented the heightened financial crisis. To rescue banks and lending institutions were involved in budget money by reducing reserve requirements. Appeared on the market the money there (whether the situation is stable) should never have been. That engine will accelerate monetary inflation by the end of the year. "
Of course, the blame for the global market and rising food prices on it, rather than the domestic Treasury and the Government of the Russian Federation! And we could accept this if it were not a significant difference to inflation in other countries and in Russia. In the EU inflation rate slightly more than 3% in the U.S. for more than 4%, and we do - 12%.
Originated financial crisis, explained to us Dvorkovich! Well, where does my grandmother, worker, teacher, and millions of ordinary Russian citizens, which obkladyvayut this tax on the poor, to save the banks and lending institutions?
In this case, shifting the burden of responsibility on the people is absolutely irrelevant. As the statistics and statements of banks in recent years, profits of banks and credit institutions grew by 40-50% per year. But while none of the bankers do not care to the poverty of Russian pensioners, teachers and doctors. Not suggest, for example, increase the pension fund or a tax on profits. And now, at the behest Dvorkovich and his ilk, Russian pensioners and ordinary citizens are forced to save the bankers.
And inflation really is invincible when it beat one of the circles of power and does not want. Too tempting, and even a little dangerous today in Russia, the path of enriching individual leaders through the impoverishment of the masses.

 
Sergei Bakhtin Kudrin: the refinancing rate should not be changed due to rising inflation in the Russian Federation.
30.08.2010, Moscow 12:24:25 CBR refinancing rate should not be changed due to rising inflation. This opinion was expressed to journalists Deputy Prime Minister and Finance Minister Alexei Kudrin. "I think she (refinancing rate) is normal, because here is this increase in inflation does not need to be changed. I think that now everything is ok, nothing to do", - Kudrin said.
He noted that the observed acceleration of inflation to a greater extent due to the factors of drought. "Therefore, monetary methods do not give much effect," - "Kudrin said. According to Kudrin, the main task of the state in this situation - "not to destroy the" budget spending. "Everything else then gradually come into balance," - concluded the deputy prime minister.
Recall, according to the Federal State Statistics Service, inflation in Russia from 17 to 23 August 2010. amounted to 0.2% since the beginning of August - 0.6%, from the beginning of the year - 5,4%. CBR refinancing rate currently stands at 7.75% per annum (approved by the Board of Directors of the Bank of Russia on July 30, 2010.). Since the beginning of 2010. the refinancing rate was reduced four times. The last time the rate was reduced board of directors of the Central Bank from 1 June 2010. - By 0.25 percentage points - to 7,75% per annum. At the beginning of this year rate was 8.75%.

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