A draft law on the right of deputies to ask the president to remove the head of the Central Bank has been introduced in the State Duma

Members of the "Fair Russia - For Truth" faction have submitted a bill to the State Duma (GD) on the right of deputies to ask the president for the early dismissal of the chairman of the Central Bank (CB). The document was published on December 11 in the database of the lower house of parliament.

The bill gives the right to ask a group of deputies of at least one-fifth of its composition to terminate the powers of the head of the Central Bank. The grounds for such a decision are supplemented by the failure to fulfill the obligations under Part 2 of Article 75 of the Constitution on the protection and stability of the ruble.

In addition, the bill increases the range of objectives of the Central Bank. According to the text of the document, additions are made to ensure above the world average in terms of GDP growth rates, real wages and nominal accrued average monthly wages of employees of organizations and real disposable income of the population.

Hard on the upturn: when to expect inflation to fall in Russia

How can you speed up this process and what can get in the way

Earlier, on December 4, the head of the Central Bank of Russia Elvira Nabiullina reported on the Central Bank's confidence in the growth potential of the Russian economy in 2025. She also noted that the key rate is a powerful tool to fight inflation. And this year, with the help of this tool, the Central Bank managed to prevent the economy from entering an inflationary spiral.

Earlier, November 28, Advisor to the Chairman of the Bank of Russia Kirill Tremasov said that the regulator will consider the issue of raising the key rate at a meeting on December 20. At the same time, Deputy President - Chairman of the Board of VTB Dmitry Pyanov said that the bank's analysts predict an increase in the key rate to 23%.

On October 25, the Board of Directors of the Central Bank of Russia raised the key rate to 21%. Then, on November 19, Nabiullina said that if Russia does not face additional economic shocks, the regulator will be able to start lowering the key rate in 2025.