they themselves have already begun to raise rates on their deposits, and also the day before german gref said that there were certainly no grounds for reducing the rate. well, 16%, at this level, the key rate has continued to remain since december, since then the population's inflation expectations have increased, and lending also continues to grow, and experts agree on what should be expected.

and the pace of consumer lending is also growing; positive factors remain the stable exchange rate of the ruble and oil prices sufficient for the growth of budget revenues. costs it should be noted that the next meeting of the board of directors of the bank of russia is scheduled to take place on july 26, it will become a pivotal meeting, which means that not only will a decision be made on the key rate, but it will be published. medium-term

economic forecast, colleagues, dima, thank you, i will remind you that now my colleague dmitry morocco works in moscow for the central bank. tash, let’s briefly discuss what dima was talking about just now. the central bank has maintained the key rate, what do you think about this? well, the market expected that the rate would most likely remain the same, although it was about 50/50 at first there were 17 annual deposits, 16 annual deposits, well , the expected decision, because... banks have essentially already raised rates, large banks, even 17-18 annual deposits, though not for long, but nevertheless, but the discussion continues, is it necessary to conduct such tight monetary policy or not, but as long as the central bank, as an independent institution , makes such decisions, and this is done in order to cool the economy, such is the official goal, there are side effects, of course, from this, but this is a separate topic for conversation, and for now i think it's important this did not... did not come as a surprise, that is

, in principle, there was another option, i repeat once again, seventeen per annum, but for now everything will remain as it is. well, i think that we will discuss this topic with you and with the guests of our studio, whom we are just waiting for, but for now i suggest watching a conversation with anastasia rakova, deputy mayor of moscow. anastasia vladimirovna thank you for taking the time for this interview. hello. hello, thank you for inviting me. this is how we know that the emergency departments of capital's hospitals should were.

we went to a new standard for providing urgent care, we are already in those hospitals that have been working for several months or a year under the new standard and we see that it really gives its effects, the first in one and a half. standard, well, at the end of the day it’s already working out, but how was it achieved, so to see and evaluate the work of this new thing , if it’s not a secret? well, this is a very long joint work, the work of medical teams, managers, financiers who tried to calculate all these points, make logistics convenient, purchase the necessary

equipment, and a very big help in terms of creating a service model for patients, for relatives, of course, i put my soul into this imfc, so...

a little more about medicine, earlier you said that in moscow they will create such a name, maybe a little scary, the mental health center, that is, for helping people in stressful situations, is actually very important, because stress is the norm of life now, yes, how will it all work, yes , indeed, as we promised, one center is already

mental health has been launched, we are launching a second center by the end of june, of course, first of all it will provide assistance to people with psychomatic disorders. disorders that come to the clinic, they are worried about some kind of physical manifestations, but in fact they do not have any diseases, so in order to provide assistance to these people, as well as those who are under the influence of stress, pressure, he shows signs of depression, panic attacks, they can all go to these centers, they work there well-coordinated teams of psychotherapists together with medical and social psychologists. we tried to provide the widest possible range of services in these centers, from individual and group lessons, and specialist appointments, well , let’s see how they earn money, how much they can actually really help muscovites, and if the experience works, the experiment

is successful, we will create a network throughout the city , we tried there, just like in all our new formats, to create a very comfortable environment for people, for doctors. it is foreseen who will work there at all yes, on june 1, we really opened such a summer leisure center for children of svo participants on the basis of our single center, and since we are a single team of social services, therefore we have no problems in terms of

inviting people to work there as tutors, educators, teachers, animators, we didn’t have any problems with this, but we will try to create the most diverse program for the guys, this is an opportunity like... any master classes, training programs, if someone needs it, yes, someone may need to be trained in some then the objects we will make a large, very sports program, and the school, tennis, table billiards and various other physical activities have become very interested in our athletes who are ready to participate in all our projects, we will make sure that the children are not only in the center, but that they actively use the city infrastructure, and parks, and museums, and theaters and all other entertainment opportunities that moscow now offers. the center has been launched, it is working, i think. parents will have peace of mind that their children are there when when they work, of course,

full quality food will be provided. vladimirovna, thank you very much for this interview and the team of the mayor of moscow for the great work, thank you, well, we continue the work of our on-site studio here at the st. petersburg international economic forum, and as i promised, the third chair is no longer empty, there is now someone sitting opposite us deputy prime minister alexander novak, hello, alexander valentinovich, hello, we... literally , probably 10 minutes before our conversation with you, we saw the result here key rate. the central bank maintained the level at 16%. how would you comment? well, the main task of the central bank is to target inflation, to reduce inflation to 4%, which is stated as the target. and the decision that the bank makes based on an analysis of the current situation in our economy makes this decision based on...

they don’t have enough liquidity, but what do you think, in these financial conditions of maintaining a high rate plus, accordingly , a liquidity deficit, can things turn out like this? that the economy is really significant will slow down its growth, and some predict almost one or even zero percent, do you share such concerns? regarding the rate increase that happened

the day before, it seems to me that 16, that 17%, in general, this is the division itself, the share of companies’ own funds is increasing at the expense of capital, investments in fixed assets at the expense of their own profits, and to a lesser extent through lending, and of course this structure will remain in place for now. these are cooling methods on the part of the central bank, as for the economy, it is developing on today at a fairly fast pace, according to the latest estimates of the ministry of economic development for 4 months, our growth rate on average compared to the previous four-month period is 5.1%, let me remind you that last year our economy was 3.6% over the past year , at least a little.

new ones are also being implemented, the construction of new enterprises, the development of new production complexes, the state is providing support, in recent years a very wide range of instruments has been adopted to support investment in the economy, and these are such well-known mechanisms as the

project financing factory, this is an agreement between the state and business to protect capital investments. these are special investment contracts, there are already 53 special economic zones in the country operating in forty-five regions, and such instruments are being expanded, the national welfare fund is being used, in fact, all these instruments are aimed at providing support and stimulating investment in the creation of new industries, not in the loading, the loading automatically increases for account of demand for the creation of new production facilities, in fact this is true if we talk only about the project finance factory.

did you invest more or what? wouldn’t it make sense for them to take profits and invest more or would it not have an effect? of course,

but any funds that are allocated from the budget are directed one way or another, i mean, to the economy, not social expenses, social, of course, economic expenses are aimed either at developing infrastructure so that the enterprise does not spend its own funds and business on these goals, this transport and energy infrastructure. various roads, as for funds into the economy, we have not, well, i have not seen such projects that would be fully financed from the budget, the budget fine -tune the mechanisms for providing support, not to one project, but to thousands of projects that should receive, let’s say, an additional impetus at the expense of budgetary funds in order to ensure our own payback, as i already said, let’s move on, probably to the traditional topic of ours...

in order to balance the market, and we we agreed that these voluntary reductions will continue for the third quarter, from october 1 throughout the year they will be gradually, let’s say, restored to the level that was ... last summer, respectively, this is 2.2 million barrels per day. we believe that these decisions are absolutely correct, calculated, effective in order to ensure a balance of supply and demand in the market, all countries

agreed with this, so we will continue to monitor the situation, as usual, to see what is happening on the market in order not to allow for great volatility as a result of various factors that may add up. well, speaking of the market, the market reacted negatively to the decision. do you have the feeling that major western players would like to bring down oil prices before the elections in the united states, or do you not see such a game in their country? well, you know, we often

come across an incorrect interpretation of those decisions that are discussed for the sake of, well , there may be some hype there or there may be an impact on the market, because such large banking structures and analytical agencies here can, well, let’s say, really influence any information dump. the market always perceives one way or another, which is why, in my opinion, it has played its part, prices over the last few days have returned to the same level, and largely thanks, among other things, to yesterday’s panel session, which took place here in st. petersburg economic forum, in which the minister of energy of saudi arabia, prince abdulaziz, the minister of energy of the united arab emirates. yesterday i was here, they also explained to goldman how correctly the secretary general did, so we all together once again, let’s say, explained it to the

media. for those investment banks, what were the goals of the decisions that were made this past sunday? well, yes, after that the market was clearly visible, after this event it began to rise to the top, because after all, exchange players, they listen to what they are told, but this interpretation, by the way, is there an option that everything- america after all will open up reserves again before the elections, somehow there is one more point that i would like yours to do.

we believe that in the next 10 years, for example, demand will grow in the market by more than 1 million barrels per day within one year, well, annually, respectively, today we have observed over the past few years that demand after the pandemic of the twentieth year is growing at a faster rate , even more than 2 million barrels per day, this means that now we understand that we must withstand the moment when there is additional supply to the market, not only there from the side.

it’s been a few months since we’ve been working in a stable situation, well, thank you very much, we can talk for a really long time, we can ask questions for a long time, thank you very much, alexander valentinovich, yes, thank you very much, thank you, i’ll remind you that i’m now a guest of our studio there was deputy prime minister alexander novak, we will now have a change in the guest staff, but for now let’s talk about the situation in the economy, which alexandru valentinovich we also discussed about how things are today, now among, probably, the main... topics that are being discussed are, among other things, how to achieve all the necessary parameters for the level of gdp. just now, alexander novyk was talking about the fact that based on the results of the first quarter , the mark is actually more than 5%. so, do you think that today, in the current circumstances, by the end of the year, will all the target indicators and external factors somehow affect this achievement or not? it seems to me that after all, this monetary policy, a tight monetary policy, has not yet fully demonstrated itself, there is official varnish.