Tag Archives: CBR
Russia: the CBR increased capital outflow forecast to USD70bn for 2011
Today, the CBR drastically hiked its forecast on capital outflow from USD36bn ( the Economy Ministry sees it at USD50bn) to USD70bn in 2011. This is more realistic view, taking into account that net capital outflow reached USD49.6bn in Jan-Sep.
Russia: RUB Set to Rebound
RUB has sold off strongly recently, for a total decline of 15% against the basket and 17% against the dollar since the end of July, breaking through the psychological barriers of 32 to the dollar and 37 to the basket and pushing against the upward edge of the corridor.