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Rising interest rates a concern - Russia's Putin
January 31, 2013 / 8:30 AM / 5 years ago

Rising interest rates a concern - Russia's Putin

MOSCOW, Jan 31 - Russian President Vladimir Putin said on Thursday he was concerned that rising interest rates would hit the flow of credit to the economy.

“The rise in interest rates, to a level well above the rate of inflation, is a cause for concern,” Putin told a cabinet meeting in the Kremlin expected to approve a five-year government strategy.

“This will unavoidably affect lending to the economy and citizens.”

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