Putin's economic adviser Maxim Oreshkin earlier said the central bank could ensure that the pace of lending drops to sustainable levels with higher rates.
"The central bank has all the tools to normalise the situation in the near future."
Asked earlier whether it might make an emergency hike from the current 8.5%, the central bank declined to comment.
"The central bank is not fully in control," independent Moscow-based economist Ian Melkumov told Reuters.
"The central bank doesn't want to kill the economy and businesses in the same way it had to last year," he said.
Persons:
Rouble, Vladimir Putin's, rouble, Putin, Maxim Oreshkin, Oreshkin, Denis Popov, Popov, Matt Vogel, REUTERS Central Bank Governor Elvira Nabiullina, Vladimir Solovyev, Ivan, Timothy Ash, Ian Melkumov, Alexander Marrow, Marc Jones, Gareth Jones, Philippa Fletcher, Christina Fincher
Organizations:
TASS, of Russia's, FIM, Moscow News Agency, Handout, REUTERS Central Bank Governor, Popular, Kremlin, Reuters, BlueBay Asset Management, Thomson
Locations:
MOSCOW, Ukraine, Moscow, Russia, London