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 20.01.10 17:54 ;
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Bank of Russia believes that there are macro-economic reasons for reducing the refinancing rate in the first half of 2010. This was declared by the Central Bank first deputy chairman Alexei Ulyukayev. The last time the regulator has reduced the rate 28 December 2009 to 8,75% - this was the tenth change key benchmark interest rate the Central Bank last year.
This
Ulyukayev noted that due to the fact that in the second half of this year there is a risk of accelerating inflation, possibly raising the refinancing rate. “Increasing rates of CBR in the second half is quite possible. As in the world, we move from cycle to cycle, reducing the stabilization and then, possibly, increase,” - said the first de1000puty chairman of the Central Bank. According to Ulyukayev, by the end of this year, could begin raising rates by world central banks. In Russia, these processes occur with a time lag. Increase the refinancing rate will depend on the realization of inflationary risks.
The Central Bank forecasts that inflation in Russia in 2010 may be substantially less than 7%. “Since the second half of the inflation risks begin to increase, because global inflation may start to grow, and the money supply this semester will be a little different. But anyway, I do not see a situation where inflation in 2010 will be above 7%. I assume that it be substantially less, but the risk of the second half, it will be considered by us, “- said Ulyukaev. Meanwhile, according to recent reports, Federal State Statistics Service, inflation in Russia from 12 to 18 January 2010 amounted to 0,5%, from the beginning of the year - has reached 1,2%.
Ulyukayev also spoke against the tax on the import of capital in Russia. He noted that the Central Bank is considering various options to mitigate the negative, related to a possible overheating of the economy and the inflow of speculative short of money, and is exploring steps to address these issues in other countries (Brazil, India and China), but sees no reason to migrate kind of experience on Russia”s soil. “A tax on transactions with the importation of capital in any market wiped out all our words and actions that the liberalization of capital - is forever. The credibility of the regulator then sharply decline, the little that we win this, we lose many times in the years ahead “, - said the representative of the Central Bank. It should be noted that the expectations of the regulator confirmed the recommendations of the world investdomov. In particular, Morgan Stanley analysts believe that investors should pursue a strategy of investing in the BRIC countries (Brazil, Russia, India and China). For example, Morgan Stanley increased its investments in China and Russia. According to experts, the BRIC countries look better than the market in neretsessionnye years, and slightly worse in a recessionary market.
Alexei Ulyukayev said that the CBR is planning to establish the frequency of review of the level of refinancing rates and other rates of the monetary market and a more detailed comment on their decisions related to changes in rates.
first deputy chairman of the Central Bank of Russia also expressed the view that GDP growth in 2010 will be higher than the official government forecast, which is 3,1%. Bank believes that GDP growth will be not less than 4%. However, according to Ulyukayev, the price of Urals crude in 2010 may exceed $ 10-15 for the official forecast of the Government of Russia in the $ 58 per barrel. He explains these forecasts the expected global economic growth this year by about 3%.
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   Source:
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Index of the Frankfurt Stock Exchange Xetra DAX fell 0.14%, the index of the London Stock Exchange FTSE 100 fell 0.48%
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 985.23 million rubles
Russia will invest 128.2 billion rubles in the development of nuclear energy technology
Today hydrocarbon market again reigned downward trend, the pressure on the quotation of the dollar has strengthened
Positive U.S. stock market during the trading session was summoned before the speculative dynamics of stock of the health sector
Net profit Bank of America in 2009 grew by 57% - to 6,3 billion
Decrease of indices in the market of Russia is not serious and fit into the framework of correction, which must be replaced by growth
Ctart trades in the United States will determine the sentiment of the market of Russia before the end of the session
Today, the prerequisites for the rising dynamics of the American sites do not, therefore, Russia”s market may take a pause in growth for a couple of days
CBR: In 1 half of 2010 is the macroeconomic foundation for reducing the refinancing rate in the second - the possibilities to increase
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 20.01.10 17:54 ;
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Bank of Russia believes that there are macro-economic reasons for reducing the refinancing rate in the first half of 2010. This was declared by the Central Bank first deputy chairman Alexei Ulyukayev. The last time the regulator has reduced the rate 28 December 2009 to 8,75% - this was the tenth change key benchmark interest rate the Central Bank last year.
This
Ulyukayev noted that due to the fact that in the second half of this year there is a risk of accelerating inflation, possibly raising the refinancing rate. “Increasing rates of CBR in the second half is quite possible. As in the world, we move from cycle to cycle, reducing the stabilization and then, possibly, increase,” - said the first de1000puty chairman of the Central Bank. According to Ulyukayev, by the end of this year, could begin raising rates by world central banks. In Russia, these processes occur with a time lag. Increase the refinancing rate will depend on the realization of inflationary risks.
The Central Bank forecasts that inflation in Russia in 2010 may be substantially less than 7%. “Since the second half of the inflation risks begin to increase, because global inflation may start to grow, and the money supply this semester will be a little different. But anyway, I do not see a situation where inflation in 2010 will be above 7%. I assume that it be substantially less, but the risk of the second half, it will be considered by us, “- said Ulyukaev. Meanwhile, according to recent reports, Federal State Statistics Service, inflation in Russia from 12 to 18 January 2010 amounted to 0,5%, from the beginning of the year - has reached 1,2%.
Ulyukayev also spoke against the tax on the import of capital in Russia. He noted that the Central Bank is considering various options to mitigate the negative, related to a possible overheating of the economy and the inflow of speculative short of money, and is exploring steps to address these issues in other countries (Brazil, India and China), but sees no reason to migrate kind of experience on Russia”s soil. “A tax on transactions with the importation of capital in any market wiped out all our words and actions that the liberalization of capital - is forever. The credibility of the regulator then sharply decline, the little that we win this, we lose many times in the years ahead “, - said the representative of the Central Bank. It should be noted that the expectations of the regulator confirmed the recommendations of the world investdomov. In particular, Morgan Stanley analysts believe that investors should pursue a strategy of investing in the BRIC countries (Brazil, Russia, India and China). For example, Morgan Stanley increased its investments in China and Russia. According to experts, the BRIC countries look better than the market in neretsessionnye years, and slightly worse in a recessionary market.
Alexei Ulyukayev said that the CBR is planning to establish the frequency of review of the level of refinancing rates and other rates of the monetary market and a more detailed comment on their decisions related to changes in rates.
first deputy chairman of the Central Bank of Russia also expressed the view that GDP growth in 2010 will be higher than the official government forecast, which is 3,1%. Bank believes that GDP growth will be not less than 4%. However, according to Ulyukayev, the price of Urals crude in 2010 may exceed $ 10-15 for the official forecast of the Government of Russia in the $ 58 per barrel. He explains these forecasts the expected global economic growth this year by about 3%.
 ÂÂ
   Source:
  ÂÂ
   ÂÂ
  ÂÂ
 ÂÂ
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Index of the Frankfurt Stock Exchange Xetra DAX fell 0.14%, the index of the London Stock Exchange FTSE 100 fell 0.48%
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 985.23 million rubles
Russia will invest 128.2 billion rubles in the development of nuclear energy technology
Today hydrocarbon market again reigned downward trend, the pressure on the quotation of the dollar has strengthened
Positive U.S. stock market during the trading session was summoned before the speculative dynamics of stock of the health sector
Net profit Bank of America in 2009 grew by 57% - to 6,3 billion
Decrease of indices in the market of Russia is not serious and fit into the framework of correction, which must be replaced by growth
Ctart trades in the United States will determine the sentiment of the market of Russia before the end of the session
Today, the prerequisites for the rising dynamics of the American sites do not, therefore, Russia”s market may take a pause in growth for a couple of days