In a letter sent to the head of the Central Bank Elvira Nabiullina, the leader of the “A Just Russia – For Truth” faction Sergei Mironov and his deputy Oleg Nilov expressed “extreme concern about the unreasonably high level of key rates in Russia». Vedomosti reported this.
In their opinion, the high key rate has a devastating impact on the domestic industry and the economy as a whole. They emphasize that its additional increase can only worsen the prospects for domestic production.
Deputies point out that the Central Bank of the Russian Federation, instead of establishing currency restrictions, is solving the problem of stabilizing the ruble exchange rate by increasing the cost of loans for Russian industry. According to them, many companies are already experiencing serious difficulties with the availability of loans.