Putin announced the need to take effective measures to reduce inflation in Russia

“Nevertheless, it is necessary to take effective measures to reduce inflation in our country,” RIA Novosti quotes Putin.

According to him, both the government and the Central Bank play a significant role in this issue, "which maintains a responsible approach to the implementation of monetary policy."

Earlier, the Bank of Russia raised its inflation forecast for 2022 to 5-6%.

In addition, the Central Bank raised the key rate to 9.5% per annum.