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Inflation control may impede economic growth for short period — Russian PM

"Economic growth would not be probably so sizable in the next year but it is every important to stop inflation," Mikhail Mishustin pointed out

MOSCOW, February 7. /TASS/. The reduction of lending growth rates to counter inflation may result in deceleration of the economy but for a short period, Prime Minister Mikhail Mishustin said at the meeting with President Vladimir Putin.

A downward trend is present as regards lending for households and the business, Mishustin said. "This creates required preconditions for the decline in prices but it can inevitably lead to deceleration of the economy," the prime minister noted. "Therefore, our task there is to proceed in the first instance to a very responsible budgetary and macroeconomic policy together with the Bank of Russia," he added.

"Economic growth would not be probably so sizable in the next year but it is every important to stop inflation," the prime minister noted. Everything should be done "to absolutely clearly provide for long-term economic growth based on the stable macroeconomic situation," Mishustin said.

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Mikhail Mishustin

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