HomeWorldThe Central Bank of...

The Central Bank of the Russian Federation decided not to raise the key rate after the criticism

Image: Getty Images

The head of Rostec Sergei Chemezov, the owner of Severstal Alexey Mordashov and many others have previously publicly complained about the high level of interest rates.

The head of the Central Bank of the Russian Federation, Elvira Nabiullina, left the key rate at 21%. It came as a complete surprise to the market: most analysts expected an increase to 23%, which allows for a sharper step – up to 25%. This was reported by The Moscow Times on Friday, December 20.

The Central Bank of the Russian Federation, after raising the rate to 21% at the end of October, warned that a further increase will be considered at this meeting – previously such signals always give rise to the rate.

In its commentary, the Central Bank of the Russian Federation explained this decision by saying that its policy – and this year it has already raised the rate from 16 to 21% – has begun to produce results: lending has slowed down.

The enormous pressure exerted by officials and oligarchs on the Central Bank probably played a role. According to them, the head of Rostec Sergei Chemezov, the owner of Severstal Alexey Mordashov and many others complained publicly about the high level of interest rates.

Complaints have also reached Russian leader Vladimir Putin — especially from those with access to him, including Prime Minister Mikhail Mishustin, Bloomberg reported.

The day before, Putin said in a direct line that Nabiullina does not tell him in advance what rate the Central Bank will set.

We remind you that the news about the Biden administration’s consideration of tightening sanctions against the Russian Federation led to a fall in the ruble exchange rate.

The collapse of the Russian economy: when will the refrigerator beat the TV?
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...

Russians were pushed to Constant and could be shot by a garden from artillery

The Russians have advanced towards Konstantinovka and are already shooting from artillery Ukrainian positions near the city. This is indicated in the report of the Institute of Military Research (ISW). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...