Economist Khazin: Russians in February 2022 expect cash savings to zero

Economist Khazin: Russians expect zero economy in February 2022

According to the expert, the Central Bank of the Russian Federation and the Ministry of Finance cannot yet restore the economy of the country.

According to the results of the policy conducted by the Central Bank and the supply of a large number of finished products from abroad, February 2022 may be marked by zero savings of Russians.

In addition, the purchasing power of Russians could fall due to high inflation, set at the end of 2022.

Economist Mikhail Khazin spoke about this at the radio station “Moskva Speaks”.

The Central Bank of the Russian Federation and the Ministry of Finance, according to him, cannot yet restore the country's economy, so now they are trying to artificially lower the exchange rate of the ruble against the dollar and the #39;euro.

The specialist is convinced that the devaluation of the ruble in current conditions has become the only way to maintain business activity and economic growth, however, money citizens continues to depreciate as they have to pay more and more for goods or services.

Khazin noted that if Russia's financial regulator decides to raise the policy rate to 17% in February 2022, then the process of devaluation and depreciation of the ruble by Savings of Russians will continue.

Earlier, TopNews wrote that the deposit interest tax could affect bank customers with accounts of 700,000 rubles or more.

Specialists explained why this might become possible.

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