"A very cautious sensitive approach of the Central Bank to our exchange rate policy is a must," the Prime Minister said addressing the Federation Council.
According to him, it is necessary to ensure a stable exchange rate of the rouble. At that the strengthening of the rouble should not lower competitiveness of Russian-made goods and suppress the economic growth, Fradkov said.
He recalled that the President set before the government the task of preserving and consolidating positive macroeconomic trends. In particular, the level of inflation should fall up to 4-6% by the year 2007. "In our view the task is quite feasible,' Fradkov said.