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Presidential aide stresses need for lower interest rates to boost economic growth

December 17, 2013, 12:51 UTC+3 MOSCOW
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MOSCOW, December 17. /ITAR-TASS/. Russian presidential aide Andrei Belousov has stressed importance of reducing loan interest rates to encourage the country’s economic growth.

“I believe this is a very important moment, taking into account the Central Bank’s estimates that credits are growing, while interest rates kill the investment activity,” he told reporters on Tuesday. “Investors cannot inject funds when interest rates stand at 11 percent, the more so there is a downward trend.

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