Central banks must retain independence, Russia's top banker says

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Central banks must retain independence, Russia's top banker says
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Russia's central bank held its key interest rate at 7.75% on Friday, in line with market expectations.

The head of Russia's central bank said fellow organizations like the Federal Reserve and the European Central Bank must maintain independence in the face of criticism.

"I think the criticism of central banks is quite widespread. We should be prepared for this and to keep our professional judgement and independence," she said in Moscow on Friday. "I think this change in monetary policy stance is mostly a response to the data. Especially to the data on global economic dynamics and forecasts. The global economic dynamic is facing a lot of unpredictability."

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