00:00Some Russian elites have been speaking out against the country's economic policy,
00:04but so far, they aren't getting their way.
00:06Russia has been experiencing high inflation due to increased government spending
00:10during the war against Ukraine.
00:11On Friday, the Russian Central Bank attempted to address this issue
00:14by raising its key interest rate from 16% to 18%.
00:18Earlier in the week, Reuters had reported that some business elites
00:21were warning against such a move.
00:24Energy executive Igor Sechin praised interest rate cuts by the Chinese government
00:28and said he wanted the same for Russia.
00:30And Anatoly Aksakov, the head of the lower house of parliament's banking committee, said,
00:34we need relatively cheap credit to come to the economy.
00:37We need structural change.
00:39But at least for now, the Central Bank isn't listening.
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