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Russia's Putin backs c.bank on inflation, bank supervision

MOSCOW, Dec 14 (Reuters) - Russian President Vladimir Putin said on Thursday he supported the central bank's approach to inflation targeting as well as the way it is cleaning up the banking sector.

Speaking at an annual news conference, Putin said Russia's financial system should get healthier, to the benefit of banks' clients.

Putin also said he expects the central bank to cut its key rate to 6-7 percent by 2020 from 8.25 percent at present. (Reporting by Jack Stubbs, Vladimir Soldatkin, Denis Pinchuk and Polina Nikolskaya; Writing by Andrey Ostroukh; Editing by Christian Lowe)