The Central Bank has improved the forecast on capital outflow in 2015 to about $70 billion

The Central Bank has improved the forecast on capital outflow in 2015 to about $70 billion


As it was previously predicted that the outflow of capital in 2015 will amount to 85 billion dollars, said the head of the Central Bank Elvira Nabiullina. According to her, also updated forecasts for capital outflows for the following year.

MOSCOW, 3 Nov. The Central Bank has cut its forecast on capital outflow in 2015 to just over $ 70 billion from $ 85 billion in 2016-2017 will be an outflow of 60 billion dollars a year, said the head of the Central Bank Elvira Nabiullina.

“We have reduced our forecast for capital outflow for this year, indeed, reduced: somewhere we get just over $ 70 billion, a projected 85 billion dollars”, — said Nabiullina, speaking Tuesday at a joint meeting of the relevant committees to review the draft budget for 2016, and monetary policy in the years 2016-2018.

The head of the Central Bank of the Russian Federation noted that the revised forecasts for capital outflows for the following year. “In 2016-2017 (outflow of capital — ed.) will be at the level of $ 60 billion annually, according to our forecast,” — said the head of the regulator.

Earlier, the Bank of Russia improved the forecast for net capital outflow to 85 billion dollars by the end of 2015 versus the earlier forecast of $ 111 billion. The Central Bank predicted the slowing of the net outflow in the next three years to 56 billion dollars in 2016, $ 53 billion in 2017 and $ 47 billion in 2018.