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Date: 3 months ago   Category: Finances

Kostin has commented on Oreshkin's council to sell dollars


Andrey Kostin.
In Business FM interview at East economic forum it has assumed that November can become new test for the Russian currency Andrey Kostin. Photo: Mikhail Tereshchenko / TASS the President — the chairman of the board of VTB Andrey Kostin not absolutely agrees with the Minister of Economic Development Maxim Oreshkin who considers that it is time to sell dollars. "I wouldn't be so sure" — the banker of Business FM has told, commenting on the words of the Minister of Economic Development. The editor-in-chief of Business FM Ilya Kopelevich talked to Andrey Kostin at East economic forum. Whether you agree with the statement of the Minister of Economics Oreshkin that at a present course with the horizon in a year it is necessary to sell dollar now, and to buy ruble? What do you wait from the solution of delivery on Friday for? Andrey Kostin: Oreshkin was one of the brightest economists, heads at us when worked in VTB. He is really good predictor and the expert on economy. I will have a little more reserved relation owing to geopolitics because I agree with it — there are reasons which will promote growth of ruble. But I have to wait for November, look — if sanctions for our enterprises, economies are so bad … As for the forecast, I think that the rate will remain. I believe, the Central bank though understands the increased risks now, but also understands, in my opinion, that it can't be done. Because the return trend always in the market generates uncertainty and a distemper. Very important for business to understand where all this moves. When we have begun to reduce a rate, it was clear, and, it seems, all saw the horizon in several years that the rate will decrease because inflation decreases. But also today on inflation if forecasts make 4,5% for this year, then the rate of 7,25% is quite acceptable for this level. And to change a trend today, it means — to disorient business. He just won't understand what is necessary therefore I think, now they will leave. Will look further at forecasts, at tendencies, at trends. Details will follow to Add BFM.ru to your sources of news?

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