Officials and entrepreneurs from the Yaroslavl region. How do whatsapp lead such meetings influence the formation of the key rate? What do they give to the Central Bank?
First of all, we work with macro indicators
relying on Rosstat data on the economy as a whole. It is important for us to understand at what point in the economic cycle we are. For example, inflation accelerates when the situation is “overheat” and demand begins to exce supply, and vice versa. The Bank of Russia pursues a countercyclical policy: if demand begins to overheat, we raise the rate, if it falls, we lower it. In order to better understand the real situation in various sectors of the economy, we organize meetings in the regions. Discussion of the economic situation and
recommendations for the decision on the rate
by the Board of Directors of the Central Bank is a process that lasts a whole week, and where we literally analyze the entire array of available information and form certain hypotheses. These hypotheses always require confirmation. And meetings with businesses are a very twitter he has a community of more than good opportunity to get confirmation or refutation of your hypothesis. By the way, at a meeting with Yaroslavl america email businesses, I receiv confirmation of the observations that have already been form by Bank of Russia specialists; the observations of the Yaroslavl residents fit very well with our common understanding of the current economic picture. But these meetings also have another important goal: they increase trust in the actions of the regulator on the part of economic entities, and trust is the cornerstone of our policy.