Source Pravda.Ru

Government, Central Bank Sure Of Stable National Currency

The Russian government and the Central Bank are sure that Russia will be able to preserve its macroeconomic stability in the future, and in particular, the stable national currency. This information was reported by Prime Minister Mikhail Kasyanov at a meeting with Duma deputies today. He stressed that "measures taken for the liberalization of currency operations brought no negative results." The monetary inflation rate is kept under control and its general dynamics is falling, the PM stressed. As a result, the volume of credits to the real sector went up 60 per cent. The expected rise in the industrial production is 5.5 per cent, investments in the fix capital are forecasted to go up 8 per cent and the GDP may rise 5.5 per cent in Russia this year. The best results were reported in the machine-building, chemical and food industries. In other words, "the economic influence of manufacturing industries with a higher value added norm is increasing gradually," Kasyanov was quoted as saying.