1 Oct 2013 15:21

Central Bank to review 2013 capital outflow forecast using Q3 results

MOSCOW. Oct 1 (Interfax) - The Central Bank of Russia plans to adjust its capital outflow forecast for the current year by incorporating data for the third quarter, Central Bank First Deputy Chairman Ksenia Yudayeva said in Moscow on Tuesday at the Russia Calling investment forum organized by VTB Capital.

Yudayeva said she did not know whether the forecast would be revised upward or downward.

The new 2014-2016 monetary policy draft lowered the 2013 capital outflow forecast to $62 billion from $67 billion previously.

"This was a technical adjustment. We will fine tune it using data for the following [third] quarter," Yudayeva said.