Central Bank: the decision to “freeze” funded pension can be temporary – Kommersant

The head of the Central Bank (CB) of Russia Elvira Nabiullina expressed the hope that the government’s decision to “freeze” the funded part of pension will be temporary. “We have decided to freeze the funded part of pension. It is forced, but I hope it will be temporary “, – said Ms. Nabiullina, the TV channel” Russia 24 “. She noted that “the accumulation system – a necessary element of the pension system,” because it gives the financial stability of the pension system.

The head of the Central Bank also said that the Bank of Russia expects the country’s economy qoq at the end of 2016, but the overall decline of 1%. “We expect that the economy will move into positive territory, if the measure qoq, by the end of next year, but the overall annual growth according to our forecasts will be negative to minus 1% … But I remind you that we do these projections, based on the the fact that the oil price will be around $ 50 per barrel, if it is higher, then we can move on to economic growth in the past “- said Ms. Nabiullina.

She also He noted that the volatility of the ruble, according to the Central Bank, will be reduced. “In our view, the volatility of the ruble will fall, that’s what bothers our business. And we have seen that during the last decline in oil prices and pressure on our course, we do not have much increased volatility, “- said the head of the Bank of Russia.

Previously, the magazine Euromoney recognized head of the Central Bank of Russia Elvira Nabiullina best among central bankers this year. This title she won for confrontation “macroeconomic storm” in Russia, caused by the decline in oil prices and imposed on the country by sanctions.

For more information, see the article “b “” Elvira Nabiullina acknowledged as the best head of the Central Bank. ”