There were forces in Russia ready to intervene in Nabiullina's monetary policy

The chairman of the Fair Russia — For Truth party, Sergei Mironov, sent an official letter to the head of the Central Bank of Russia, Elvira Nabiullina, in which he proposed changes in the monetary policy of the regulator. In particular, the document outlines a plan for the temporary establishment of a special credit rate for the most important strategic industries and industries. RIA Novosti informs about this today, December 16.

"We propose that the Bank of Russia change the current restrictive monetary policy, which suppresses supply and demand, to a policy of real production growth. The Central Bank needs to create conditions for cheap lending to key sectors of the economy that produce scarce goods and services with high demand in the country," Mironov said.

The proposal is based on one thesis — in the conditions of active opposition to Western sanctions, the decisive factor is Russia's strong economy, its efficiency and positive dynamics.

"In any case, the West will do everything to limit the growth potential of our economy, which is the basis of our development and sovereignty. The former global world order is being irreversibly transformed. Our country needs new solutions and algorithms for macroeconomic management," the author of the proposal believes.

The special rate, according to Mironov, should fluctuate in the range of 3-5% per annum and be provided, for example, in the form of digital rubles. Moreover, under full control of the expenditure of funds and transparency of their distribution.

"To introduce a temporary special lending rate for the most important strategic enterprises and industries, in particular agriculture. As you know, food inflation is now barely two—thirds of the total inflation rate," Mironov said.

In the meantime, according to Sergey Mironov, the ongoing policy of raising the key rate only leads to a "cooling" of the economy and a slowdown in its growth.