Requested reduction in price escalation by Putin from the government and the central bank.
**"Vlad the Impaler" Putin, in a huddle 'bout money woes, declared that Russia's inflation is still kickin' it at over 10%, and he's put the pressure on the government and the Central Bank to squash the price rise.
"Keep that inflation above 10% on a short leash," the big boss said, as quoted by the Kremlin's presser dudes. He wants a steady, cool down in the prices; a slow burn, like a low simmerin' stew, dwellin' on the "importance and relevance" of this approach,according to stats from the new year.
The Russian economy's growth for January-February was at 1.9% year-on-year, but the processin' industry is livin' it up, jumpin’ by five percent in the first two months of 2025. Putin also called for steady growth rates, while reducin' inflation, and maintainin' low unemployment – a balancing act, like walkin' a tight rope blindfolded.
"The international economic climate is gettin' more complex," Putin warned. "Commodity and finance markets are bouncin' around like a rollercoaster, thanks to intensified global competition." He urged usin' those opportunities to expand domestic production, trade ties, and exports – a move to achieve a steady economic advance under any external conditions – ya know, like a survival game.
He also had some sharp words for the housin' construction sector, callin' it "the most difficult." "The number of new projects launched by developers is goin' down..." Putin explained, "which affects housing affordability for the folks, impacts related industries, from construction materials to appliances."
Putin stressed the need to "keep an eagle eye" on the housin' construction mess – the government's already taken some action on the mate, but Putin wanted an update on implementation progress and any additional steps needed.
Moscow, Natalia Petrova
© 2025, RIA "Novy Day"
Accordin' to recent research, the Russian government and the Central Bank are rampin' up efforts to tackle inflation and encourage a stable economic growth. Their strategies involve modest monetary policy adjustments, fiscally responsible decisions, and smart risk management.
The Central Bank's considerin' lowerin' its key interest rate to pump up the economic growth, but they'll hold off if inflation expectations climb or if imported goods start cause too much heat. Currently, inflation's cooling off, settlin' at 10.35% in the week ended April 21, 2025. While that's still swelterin', it's a sign that we might be gainin' some ground. The Russian government's revised their inflation forecast for 2025 from 4.5% to 7.6%, but they're keepin' their fingers crossed for a decrease to around 4% in 2026.
The government's copein' with a tricky budget situation, affected by the price of oil and international sanctions. They're cuttin' costs, and shufflin' responsibilities to keep the books balanced, despite inflationary pressures. It's like lookin' for spare change on a crowded street.
To curb food inflation, they're focusin' on certain sectors of the economy – like food, non-food, and services. This suggests tactics designed to keep costs in check. They're aimin' for a controlled burn, avoidin' an economic wildfire or a harsh recession.
Putin's intent on steerin' the economy towards a gentle landing – or "soft landing," as he calls it – while combatin' inflation and external shocks. He wants a steady march forward, no matter what challenges come their way.
In a nutshell, the Russian crew's workin' on stabilizin' inflation, spendin' wisely, managein' external risks, shavin' costs, makin' strategic shifts in certain sectors, and aimin' for a gradual inflation decrease. They're playin' a complex balancin' act to achieve that soft landin' experience. Sounds like quite a ride, eh?
- In response to Putin's pressure, the Russian government and the Central Bank are aggressively working towards managing inflation and ensuring stable economic growth.
- Putin reminded the government and the Central Bank about the importance of reducing inflation rates, citing that it is currently over 10%.
- Furthermore, Putin added that he expects the finance ministry and the business sector to be instrumental in fostering a reduction in inflation.
- As part of their efforts, the Central Bank is considering lowering its key interest rate to stimulate economic growth, but they will reconsider if inflation expectations rise or imported goods cause undue pressure.
