Solovyov Lashed Out At Nabiullina, Head Of Russia's Central Bank

The propagandist didn't like the official's prediction.

Russian state propaganda has harshly criticized Central Bank chief Elvira Nabiullina over the central bank's forecast that predicted the Russian economy would grow at a rate between 0.5-1 percent, while Vladimir Putin is demanding an acceleration to rates above the world average, writes The Moscow Times.

"If the supreme commander-in-chief, President of the Russian Federation Vladimir Vladimirovich Putin, sets the task until 2030, that the growth rate of gross domestic product should be higher than the world average, and the Central Bank says 'I don't care' and rolls out a forecast like this, what is this?" - the odious host Vladimir Soloviev said on the air of an evening talk show on the Rossiya-1 channel.

Soloviev said the Central Bank's actions jeopardize Russia's "sovereignty" because the regulator retains "independence" and monetary policy in the country "belongs to someone else."

"I didn't vote for Nabiullina, I voted for the president of the Russian Federation, he sets the task. And I don't understand why someone allows himself to take a forecast that completely contradicts the direct directives coming from the country's leadership," Solovyov said.

The Central Bank published the updated forecast following last Friday's meeting, where the key rate was lowered for the second time in a row - from 20% to 18%. The Central Bank estimates that the Russian economy will add 1-2% this year after 4.1% a year earlier, and will slow down to 0.5-1.5% in 2026.

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