Russian President Vladimir Putin stated that the key rate of the…

Russian President Vladimir Putin stated that the key rate of the Central Bank should be lowered, citing macroeconomic indicators as justification.

Consensus

Vladimir Putin stated that the key interest rate should decrease based on macroeconomic indicators.
The meeting took place on July 14 between Vladimir Putin and Aysen Nikolayev, head of Yakutia.
Putin described the reduction in the key rate as an 'inevitable' and 'natural process'.
Russia's need for foreign currency has decreased compared to previous years.
The Central Bank of Russia acknowledged space for lowering the key interest rate in July.

Points of divergence

Putin previously stated that the share of rubles in export operations is 65%. — vesti
Nabiyulina indicated she 'probably' promised a rate cut, and emphasized no economic cooling is intended. — kommersant
Alexei Zabotkin of the Central Bank said the fuel market situation would be considered in setting the key rate, and business leaders believe raising rates during the fuel crisis is incorrect. — vm

Coverage (4 sources)

Putin: Russia now needs less foreign currency than before — Вести
Putin says the reduction of the key rate will become a natural process — Вести
Putin comments on the reduction of the key rate — Коммерсантъ
Putin: Key rate should fall given macroeconomic indicators — Вечерняя Москва

Key entities

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