Putin expressed hope that the current high Central Bank rate is a temporary measure. He said this at a meeting on supporting investment projects in domestic industry.
The Russian leader noted that given the high key rate of the Central Bank, special mechanisms are needed to support industry. Previously, the central bank kept the key rate at 16%. The rate is now at 0.5%. The inflation rate is currently at 2.7%. The central bank has kept the rate at 0%. The current inflation rate has been at 1.9%.