7 Feb 2020 14:23
Central Bank of Russia publishes updated medium-term forecast
(technical repeat, inflation figure in table 1 adjusted)
MOSCOW. Feb 7 (Interfax) - The Central Bank of Russia has published its updated medium-term forecast following the board's key rate meeting on February 7:
Forecast scenarios (growth as % of previous year, if not indicated otherwise) published on February 7 compared with previous scenarios published on December 13 (in parentheses):
| 2020 | 2021 | 2022 | |
| Urals price, average for the year, US dollars per barrel | 55(55) | 50 (50) | 50 (50) |
| Inflation, as % in December year-on-year | 3,5-4,0 (3,5-4,0) | 4,0 (4,0) | 4,0 (4,0) |
| GDP | 1,5-2,0 (1,5-2,0) | 1,5-2,5 (1,5-2,5) | 2,0-3,0 (2,0-3,0) |
| Money supply in national definition | 7-12 (7-12) | 7-12 (7-12) | 7-12 (7-12) |
| Claims on organizations and households | 7-12 (7-12) | 7-12 (7-12) | 7-12 (7-12) |
Russia's balance of payments indicators (billion USD):
| 2020 | 2021 | 2022 | |
| CURRENT ACCOUNT | 47(52) | 30(34) | 18(23) |
| Balance of trade | 136 (138) | 122 (122) | 115 (116) |
| Export | 395 (392) | 388 (385) | 392 (392) |
| Import | 259 (254) | 266 (263) | 277 (277) |
| Balance of services | -36(-35) | -38(-37) | -42(-40) |
| Export | 64(63) | 65(65) | 67(67) |
| Import | 100 (98) | 103 (101) | 107 (107) |
| Balance of primary and secondary income | -53(-51) | -54(-52) | -55(-53) |
| CURRENT AND CAPITAL ACCOUNT BALANCE | 47(52) | 30(34) | 18(34) |
| FINANCIAL ACCOUNT (excluding reserve assets) | -9(-14) | -4(-9) | -4(-9) |
| Government and the central bank | 6(6) | 6(6) | 6(6) |
| Private sector | -15(-20) | -10(-15) | -10(-15) |
| CHANGE IN RESERVE ASSETS | 38(38) | 25(25) | 14(14) |