Putin forces Central Bank to cut key rate – Bloomberg

For many years, Russian leader Vladimir Putin has kept his distance from Russia's monetary policy and avoided interfering in the work of the Central Bank. The latest cut to the key rate, however, came under pressure.

By Andrii Muravskyi

Bloomberg: Putin started pressuring Russian Central Bank chief Nabiullina over key rate

Vladimir Putin, who had long kept a conspicuous distance from Russia’s monetary policy, made clear twice in July that the Central Bank needed to lower its key rate. The Bloomberg news agency reported that Putin made “unusually direct” comments shortly before the bank’s policy meeting.