15 March 2006

Russian PM presses for compliance with inflation schedule

I love the King Kanutian (sic) approach to one of the intractable issues in growing economies. Russian PM presses for compliance with inflation schedule:

You can sort of picture the scene (with apologies to Vladimir Vladimirovich):

Putin to Fradkov
Putin: Get inflation down to 8.5%
Fradkov; Yes master

Fradkov to Gref
Fradkov: Get inflation down to 8.5%
Gref: It's not quite that simple
Fradkov: What's so difficult about putting 8.5% next to the inflation figure
Gref: Well it's just that the very clever Mr. Breach might notice......

MOSCOW - Russia’s prime minister Wednesday called for the planned inflation rate of 8.5% to be kept to in 2006 amid concerns over the country’s economic performance at the beginning of the year. “We must adhere to the slated rates of consumer prices this year,” Mikhail Fradkov said at a Cabinet session.

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15 March 2006

Russian PM presses for compliance with inflation schedule

I love the King Kanutian (sic) approach to one of the intractable issues in growing economies. Russian PM presses for compliance with inflation schedule:

You can sort of picture the scene (with apologies to Vladimir Vladimirovich):

Putin to Fradkov
Putin: Get inflation down to 8.5%
Fradkov; Yes master

Fradkov to Gref
Fradkov: Get inflation down to 8.5%
Gref: It's not quite that simple
Fradkov: What's so difficult about putting 8.5% next to the inflation figure
Gref: Well it's just that the very clever Mr. Breach might notice......

MOSCOW - Russia’s prime minister Wednesday called for the planned inflation rate of 8.5% to be kept to in 2006 amid concerns over the country’s economic performance at the beginning of the year. “We must adhere to the slated rates of consumer prices this year,” Mikhail Fradkov said at a Cabinet session.

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