Warned on excessive money printing by Putin: risk causes inflation
President Putin Warns Against Hasty Economic Decisions
In a recent meeting with leaders of parliamentary factions, Russian President Vladimir Putin expressed concerns about the potential impact of increased money supply and social payments on inflation.
The meeting's agenda included discussions on the economic implications of social payments and the money supply, with the proposed quarterly indexing of pensions being a key point of discussion. President Putin emphasized the importance of targeted subsidies and support, rather than broad distributions, to address economic challenges.
During the meeting, President Putin urged caution in making decisions about social payments and the money supply. He warned against hasty decisions, stating they could worsen the overall economic situation. Instead, he called for decisions that would fundamentally solve the problem, not just provide short-term solutions.
In addition to these concerns, President Putin expressed apprehension about the potential impact of the proposed pension indexing on inflation. He did not specify any specific measures or solutions in this statement.
President Putin also warned against increasing the money supply, citing an increase in inflation as a potential consequence. He stated that "printing and distributing money" would lead to an increase in inflation.
Throughout the meeting, the discussion expanded to include the potential effects of the proposed pension indexing on inflation. President Putin's advice during the meeting remained consistent: to exercise caution in decisions about social payments and the money supply.
Despite these concerns, President Putin expressed confidence that, through discussion with the government, optimal solutions would be found. The exact time when President Putin issued a warning against increasing the money supply and rising inflation could not be determined from the available information. However, it is clear that President Putin is committed to a cautious and thoughtful approach to economic policy.
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