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Bank of Russia believes economic potential will continue growing

The Central Bank does not agree that recession should definitely follow the tough monetary policy, Governor Elvira Nabiullina said

MOSCOW, December 4. /TASS/. The economic potential is growing now and will continue growing in the next year owing to large-scale investments of the last three years, Governor of the Bank of Russia Elvira Nabiullina said at the 15th VTB Russia Calling! Investment Forum.

"Economists of the Central Bank believe the economic potential is on the rise and will continue growing in the next year. This is the result of large-scale investments in the upgrade of the economy during the last three years. If the potential is growing steadily, then this means also more space for demand growth," she noted.

The Central Bank does not agree that recession should definitely follow the tough monetary policy, Nabiullina said.

The 15th VTB Russia Calling! Investment Forum is being held on December 4-5 in Moscow. TASS is the information partner of the forum.

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