“Of course, you can scold the Central Bank here, and I know ... every day I am in contact with colleagues, say, from the real sector of the economy.
I know how they swear at the Central Bank, and I know their arguments ... I know the dissatisfaction of the real sector from raising rates.
But if this is not done, then we may have like in Turkey, this is the problem, ”Putin said during a large press conference.
The day before, Turkish President Recep Tayyip Erdogan announced new measures to counter the volatility of the lira exchange rate.
He noted that the government will provide exporters with a forward exchange rate through the Central Bank, increase government contributions to private pension funds and reduce the tax on dividends paid by companies.
Erdogan also said that currency speculation and price increases will not force the country to turn off the path of reducing interest rates and Turkey will not surrender its economy to external forces on the terms of the International Monetary Fund.
At its last meeting in 2021, the Bank of Russia raised its key rate from 7.5% to 8.5% per annum.
The Central Bank explained this decision by the need to curb inflation.
According to the regulator's forecast, by the end of this year, the growth rate of consumer prices in the country will remain close to 8%, but in 2022 it may drop to 4-4.5%.
RT is broadcasting a press conference.