Oleg Deripaska, a businessman from Russia, proposed to the Russian Central Bank that the main interest rate be sharply reduced to 5% in order to boost the Russian economy.
The Russian billionaire’s core belief is that by offering enticingly low-interest loans to the country’s commercial sector, the economy can be stimulated and boosted.
The idea comes just before the Russian Central Bank meets today, on Friday, to debate the nation’s monetary policy. According to experts, the Russian Central Bank is likely to keep the present level of interest rates at 7.5%.
Olig Deribaska is a Russian businessman and billionaire born on January 2, 1968 in the city of Dzirginsk in the province of Negney Novgorod in the Soviet Republic of Russia (now a province in the strength of Russia) and the head of the “EN” group was until 2017, and the “Rosal” group, the largest aluminum company In the world, until the year 2018.
RT + Prime as a source.
Before a crucial conference, “The King of Aluminum” travels to the Russian Central.
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