ASTANA, November 28. /TASS/. Instruments to control inflation without lifting the key rate are present but this is the Central Bank to decide, Russian President Vladimir Putin said.

"Instruments are available that make it possible to control inflation without increasing the key rate. Yes, there are in place. These are various instruments of the Central Bank on regulation of the banking sphere, related to provisions the banks must have before extending loans. This is related to decisions, including from the government, on the increase of lending for people, on mortgage, on credits of social nature and so on. Many, many other instruments are there but specialists of the Central Bank are to make final decisions in accordance with current law of the Russian Federation."

Ruble rates are determined by many factors. "As regards the ruble rate, <…> this is associated with payments to the budget, and to all prices. There are plenty of factors of seasonal nature," the president added.