Russian President Vladimir Putin, speaking at the St. Petersburg International Economic Forum (PMEF), answered a request to comment on the theses of the “famous blogger” theses, leading Telegram-channel billionaire Oleg Deripaska, about the excessive high key rate of the Central Bank.
The head of state stressed that the Central Bank is forced to respond to what is happening in the Russian economy, where one of the problems, along with the need to restore the labor market, remains inflation. Its current level of 5.8 percent must be reduced by the results of the year to 5 percent or less, the president said.
“Central Bank in principle and so kept a bet rather low for our economy for a long period of time. He is forced to react to what is happening in the economy as a whole, including squeezing liquidity, and Oleg Vladimirovich Deripaska knows that He is an experienced businessman and sufficiently successful, and he certainly wants cheaper, even yet, yet. But in the balance of these interests and is the truth, “said Putin.
Deripaska spoke out against increasing the key rate of the Central Bank in March, writing a critical post in his Telegram-channel and accusing the regulator in support of the “refractory opposition”. He called for “tool” the Bank of Russia, “pushing citizens to the streets.” With the criticism of the position of the regulator, he spoke and later in May.
The current key rate of the Central Bank is 5 percent: it was raised at a meeting on April 23. The next meeting of the regulator, on which the issue of key bet will be considered, will be held on June 11.