Central Bank Chairwoman Elvira Nabiullina is increasingly coming under attack from business representatives.
The Russian business elite has declared that the Central Bank is destroying it with exorbitant interest rates.
Bankers, business leaders and officials have complained to Russian President Putin about Nabiullina, according to an article in Bloomberg .
Even the government noted that the Central Bank's actions complicate efforts to support the economy.
According to sources, the Russian Central Bank is currently in a standoff with influential critics of its monetary policy.
Growing discontent with the central bank followed a proposal to raise borrowing costs to any level to curb inflation.
At the same time, on live television on Thursday, Vladimir Putin expressed hope that the bank’s decision on the rate would be balanced, taking into account current requirements.
Although the Russian leader had met with Nabiullina days earlier, he did not know what decision the Central Bank of the Russian Federation would make at the meeting on December 20.
Author: Elena Gutyro
