Putin’s Officials Push Central Bank for More Upbeat Outlook
- Bank of Russia has held rate after steep monetary easing cycle
- Government argues economy isn’t generating price pressures
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President Vladimir Putin’s government is pressuring the Bank of Russia to be more upbeat about the outlook for the economy and signal it’s ready to loosen monetary policy as his invasion of Ukraine heads for its second year.
Coming ahead of the central bank’s first board meeting of the year on Friday, officials want it to send a clearer hint that interest rates may come down later this year, according to people familiar with internal deliberations.