Ulyukayev - Inflation in 2009 will be 10-12%

The Central Bank does not intend to change the policy and refuse to smooth exchange rate of the ruble. About this in an interview on "News" said the first deputy chairman of the Central Bank Alexey Ulyukayev. However, he categorically denied the rumors about the possibility of a sharp weakening of the currency. "We believe the correct policy of gradual change in the ratio of courses, it is the least painful for the market participants, households. We have no reason to change the exchange rate policy, opting surges and fluctuations," - said Ulyukaev. Inflation is projected to the Central Bank, will be from 10 to 12 percent. "We anticipate that 10-12% - this is the corridor, very likely, in which inflation would be up to next year" - said Ulyukaev. The government provided loans of the banking system. "We very strongly increased their presence on the monetary market in the last three months. Net credit to the order of 2 trillion rubles, we give the banking system, the gross loan - about $ 3 trillion rubles. And we need to think about that next year this figure has doubled ", - says Alexei Ulyukayev. It is likely that to improve the liquidity of credit conditions will change. "It is likely that we will lengthen the terms and on loans provided under the provision. We will implement some technical changes, simplifying the procedure to change the collateral requirements, etc., which will in unit time to pass more liquidity through our system," - said Ulyukaev. Foreign exchange reserves of Russia increased due to revaluation of currencies, within them, and receipt of funds of banks on foreign currency accounts in the Bank of Russia. "Part of the increase in reserves of $ 15 billion - this is a positive reappraisal, and the second part, even more - this is the mechanism of correspondent accounts in the Bank of Russia for the commercial banks are open in dollars and euros," - said Ulyukaev.