The billionaire once again criticized the policy of the Central Bank
Russian businessman Oleg Deripaska commented on the statement of the head of the Central Bank Elvira Nabiullina that the regulator is ready to reconsider approaches to regulation in order to stimulate the technological and environmental transformation of the country’s economy. The billionaire said that, in his opinion, it was about “situational PR” of the Central Bank.
Deripaska wrote on his Telegram channel that, in his opinion, the Central Bank has no plans in this case.
“And next year he promises to raise the rate to us by 1.5%. Read his proposed monetary policy. The height of obscurantism, ”said the businessman.
The billionaire added that around the world since the mid-19th century, the main source of funding has not been banks, which, according to him, in Russia resemble “biblical usurers”, but the debt and stock markets.
Deripaska said that the Central Bank, having received the functionality of a mega-regulator, was obliged to develop them for these 10 years. However, instead of this, the debt market “shrank” to 20 trillion rubles, although now, according to the businessman, it should have been at 100% of GDP – about 115 trillion rubles.
The businessman linked the latest statement by Nabiullina with the fact that the Central Bank is allegedly afraid that the new State Duma may finally change the law on the Central Bank and force it “to deal with the problems of reducing the cost of project financing to ensure economic growth at 7.5% per annum.”
Without achieving this condition, Deripaska believes, it will not be possible to increase the disposable income of 60 percent of the population by 2030 to the European level.
“We expect that the new deputies will not allow themselves to be led by the lobbyists from the Central Bank,” he concluded.
The businessman regularly criticizes the Russian Central Bank. In early August, he said that the actions of the regulator are leading to stagnation of economic growth and an increase in investment in fixed assets.
Against this background, he wrote, one cannot count on an increase in the welfare of citizens and the modernization of industry.
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