The Russian Union of Industrialists and Entrepreneurs named the optimal level of the key rate for business

Russian business can develop comfortably with a key interest rate in the range of 13-15%, said Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs, in an exclusive interview with Izvestia. This level, in his opinion, will create favorable conditions for attracting investments through IPOs and secondary stock offerings.

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"When the rate fluctuated in the range of 7.5-15%, businesses could invest normally, build development strategies based on borrowed funds," Shokhin said.

At the same time, the head of the Russian Union of Industrialists and Entrepreneurs called the ideal level of 7-8%, at which even infrastructure projects become profitable. However, such indicators can only be achieved if inflation falls to the target 4%.

"If inflation is 7-7.5% by the end of the year, then a key rate of 13-15% would be the best option," Shokhin said.

According to him, this approach will help balance the interests of business and investors and ensure macroeconomic stability.

Read more in Alexander Shokhin's exclusive interview with Izvestia:

"Business can develop normally at a key rate of 13-15%"