inflation and returning it to our target of 4%. We thailand telegram data rais the key rate for this purpose. In our opinion, the effect is already evident. It is evident both in the growth of term deposits and in the slowdown in the growth rate of retail lending, which is also influenc by our macroprudential measures. We will also look at the data on corporate lending, because at the end of December — beginning of January, its dynamics are very much affect by budget flows. It often happens that in December, enterprises take out loans, expecting budget receipts, and in January they begin to repay them when the money comes in.
We see that in December the current
growth rates of prices became lower than in November, and in January the statistics are also encouraging. But we continue to be concern about price expectations. For businesses they remain at a high level, for citizens they have decreas slightly, but are still higher than in November. We will make our decisions bas on the analysis of all the data.
Does the slowdown in China’s GDP growth raise concerns in terms of its impact on the Russian economy?
China was, and has now
even more important trade and economic partner for us. And, of course, the development of its economy affects Russia, not so much directly as in a global context. When we make decisions on monetary policy, we make forecasts for the what does a brand ambassador do? global economy as a whole, and China is a large part of it, it influences global demand, including for energy and raw materials, of which we are a major exporter. Therefore, of course, we are watching the development of the Chinese economy. But it must be said that, despite the problems — they agb directory exist in any country — the growth rate of the Chinese economy is quite high, more than 5% last year.
