Key task for government is lowering inflation - Medvedev
One of the key tasks facing the Russian government now is reducing the level of inflation, Russian Prime Minister Dmitry Medvedev said.
"It's obvious that the task of lowering inflation remains a key task for the government, because on the one hand we are pleased with the inflation we have at the present moment compared with what was, but on the other hand 6.6% is of course the highest figure compared with the emerging market," Medvedev said at a business breakfast organized by VTB Capital.
Earlier during the breakfast, VTB chief Andrei Kostin noted that Central Bank of Russia policy easing had helped stimulate economic growth. "I nevertheless am taking advantage of the head of government's presence [here] - if the Central Bank does ease its policy after all, that, it seems to me, would be in the interests of economic growth," he said to First Deputy Central Bank Chairman Alexei Ulyukayev.
Ulyukayev said that there is no possibility now of using fiscal and monetary stimulation on the economy, since there is not a gap between actual and potential growth at this time.