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Russian Central Bank may review capital outflow forecast

"The forecast we have published was not final, it may be reviewed," the Bank’s chairperson Elvira Nabiullina told reporters

© TASS/Anton Novoderezhkin

LIMA, October 10. /TASS/. Russia’s Central Bank (Bank of Russia) may review its forecast for the capital outflow for the current year after the third-quarter data is verified, the Bank’s chairperson Elvira Nabiullina told reporters on Saturday.

"The forecast we have published was not final, it may be reviewed," she said.

"The preliminary data shows the capital outflow in the third quarters was $5.3 billion."

"If the figure is not changed after the final data on the quarter is received, we shall review the forecast," she said.

Earlier published information said the capital outflow from Russia between January and September made $45 billion, but in the third quarter the inflow was $5.3 billion.

The Finance Ministry forecasts the annual outflow of $70-80 billion, and the Central Bank’s forecast is $85 billion.

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