President Vladimir Putins government is pushing Russias Central Bank to be more positive about the countrys economy in the middle of the invasion of Ukraine and international sanctions, Bloomberg reported on Tuesday.Russian authorities supposedly want the Bank of Russia to send out a clearer hint that interest rates might come down later this year, Bloomberg said, citing its sources.The head of Russias Central Bank Elvira Nabiullina and her coworkers were open up to improving projections but up until now unwilling to suggest any impending relieving fearing inflation, Bloomberg stated.
According to Bloombergs sources, the crucial rate will remain at 7.5% for the 3rd time in a row after the Central Banks first board meeting of the year on Friday.The Bank of Russia, which last cut rates in September prior to embracing a neutral predisposition, has countered that slower inflation might be short-lived, while the economic scenario is too unsteady to make any concrete projections, Bloomberg reported, citing sources.Last week, Central Bank First Deputy Governor Ksenia Yudaeva said in an interview that projections may be revised following changes in the labor market, oil prices and other factors.
Neither the federal governments press service nor the Central Bank responded to Bloombergs ask for remark.