Wednesday, June 1, 2011

It is obvious that inflation is accelerating

"During yesterday's trading the euro fell to new multi-year low, but then also adjusted slightly upward," - says a leading analyst Bank.ru "Asset Capital Sergei Karyhalin. "Today, as the euro declined against the dollar, albeit slightly. There is reason to assume that the single European currency will continue to fall. In the Russian market in early trading ruble fell, but then won back their positions. Therefore, no significant changes compared to yesterday was not. The other day the Bank of Russia snizal refinancing and other rates. In particular, on its deposits, in which Russian banks are placing their funds. The Bank of Russia is trying to encourage lending. But the economy is recovering slowly. Good potential borrowers is small, the risks are too great. In my opinion, the head of Sberbank right when he says that the current interest rates far too low. They are lower than before the crisis, when the economy is growing steadily. Most experts now convinced that the Central Bank rate cut is no more. Although much will depend on inflation. If the situation remains severe, demand weak, inflation is low, the Central Bank may lower the rate again. But, in my opinion, it is now obvious signs of accelerating inflation. Started to increase producer prices, for example, metallurgists. And in the "manual mode" to restrain this growth will be difficult. So far, everything suggests that we can meet the 7% inflation for the year. However, to predict what will be in the second half of the year difficult. At the moment, the average rate on deposits retain savings from inflation, even in first-tier banks. It is worth noting that today's leading lending institutions are not very interested in raising funds on deposit. But the situation may change. The second and third tier rates are higher. In general, if you wish to insure your money against inflation, it is advisable to open the contributions at the rate of more than 7% per annum - Expert Advice. At 16:59 MSK on the UTS MICEX dollar fell to 31.1628 rubles (-0.0526), ??the euro, by contrast, grew up - to 38.0929 rubles ($ 0.0674).

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