The initiators were deputies from the Fair Russia — For Truth faction.
According to Izvestia, the explanatory note states that the purpose of the bill is to increase the stability and predictability of monetary policy. The authors note that sharp fluctuations in the rate can negatively affect the economy, creating shock effects.
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The bill assumes that coordination with the State Duma will be required only for significant rate changes exceeding the threshold of 100 basis points, as well as in the case when the rate exceeds official inflation by more than one and a half times.
This will preserve the independence of the Bank of Russia in decision-making, but at the same time provide additional control and consideration of the interests of various participants in the economic system, the deputies believe.
According to experts, at the next meeting of the Central Bank of Russia on February 14, 2025, the key rate will remain at 21%.
