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RF CB may raise forecasts of GDP growth in case of positive dynamics of investment

FORTALEZA, July 16. /ITAR-TASS/. Russia’s Central Bank may raise its forecast of the GDP growth in case it receives positive data on investments in capital assets, Central Bank governor Elvira Nabiullina told journalists on Tuesday.

“We need other indices, first of all, on investments in capital assets, if we see positive changes, we will raise our forecasts [of the GDP growth],” she said.

She said that the Central Bank did not plan to review its economic growth forecasts, which was currently 0.4% “We will review it, its indices when we prepare guidelines of the monetary and currency policy for the next three years. Updated figures will be made public in September,” Nabiullina said, adding that she hoped there would be no need to downgrade GDP dynamics forecasts.

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