Putin: to cut the rate the Central Bank cannot by administrative means

Putin: to cut the rate the Central Bank cannot by administrative means


The threat of inflation does not allow Russia to lower the rate of the Central Bank, said the President of the Russian Federation Vladimir Putin at a press conference.

MOSCOW, 17 Dec. The President of Russia Vladimir Putin stated that if they wanted to lower the rate of the Central Bank, this cannot be done by administrative means, must proceed from the realities of the economy.

“If they wanted to lower the rate, this cannot be done by administrative means, must proceed from the realities of our economy from its structure. Of course, I often hear that, but out there, somewhere over the hill there are other bets lower. Of course, there are lower rates, so they did it on purpose, there are other problems. And the structure of the economy is quite different. We have the threat of inflation, and there is the problem of possible deflation, when the manufacturer produce and sell,” he said.

Critical questions, key statements, photos from the event and video — online-a report from the press conference of Vladimir Putin on ria.ru >>