Sberbank CEO: We see risks of Russia's economy overcooling

MOSCOW. July 2 (Interfax) - Risks of Russia's economy overcooling are apparent, and it is critically important not to maintain high real interest rates for too long, Sberbank CEO Herman Gref said during the Central Bank of Russia's Financial Congress.

"Of course, we clearly see the risks of economic overcooling. Certainly, I believe everyone understands this, the Central Bank understands it well. And now is the time to balance the situation. It's extremely important not to keep high real rates elevated for too long," Gref said.