Reshetnikov: Higher rates and strong ruble may define next economic model
Russian official Maxim Reshetnikov says structural economic changes are ongoing and that higher interest rates and a strong ruble could become the contours of the next economic model.
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Maxim Reshetnikov, a Russian government official, commented on the evolving economic landscape, stating that structural changes are already underway. According to his remarks, the country's economic model is being continuously adjusted, with higher interest rates and a strong ruble potentially forming the framework of the new model.
The statement was made at the St. Petersburg International Economic Forum (PMEF). No specific targets or timelines were provided.
Source: MarketTwits