Financial Times: "Mikhail Liluashvili at Oxford Economics said in the wake of Friday's decision that the move suggests the Central Bank of the Russian Federation may be 'losing its independence'. He said:"
"'The central bank justified its decision by citing its success in stabilising inflation and expectations of further currency weakness. We do not find this explanation convincing: the inflation rate should increase further in coming months, while recent increased tensions in Ukraine has invited further currency market uncertainty. We believe that pressure from the government was the main reason behind the policy rate cut.'"