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  Monday, October 21, 2019
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Russia's Central Bank downgraded its forecast for this year's net capital
Russia's Central Bank downgraded its forecast for this year's net capital inflow by $5 billion to $35 billion, the first deputy chairman said on Tuesday.

"The Central Bank's forecast for net capital inflow in 2008 is $35 billion," Alexei Ulyukayev told a conference on world financial centers.

The Central Bank's monetary policy guidelines for 2008 earlier projected a net capital inflow of $40 billion.

Net private capital outflow from Russia stood at $23 billion in the first three months of the year and slowed down from more than $11 billion in January to $9 billion in February and $2.5 billion in March, Ulyukayev said.

He said net capital inflow into Russia in 2008 will be much lower than last year's figure of $82 billion.

In 2006, Russia registered a net capital inflow of $41 billion.


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