Capital outflow from Russia could slow down in Q4 - CBR
MOSCOW. Oct 15 (Interfax) - The Central Bank of Russia (CBR) believes that capital outflow from Russia in the fourth quarter could slow compared to the third quarter, the CBR's First Deputy Chairman Alexei Ulyukayev told journalists.
"It's entirely possible," Ulyukayev said when asked whether capital outflow from the country in the fourth quarter could decrease in comparison with the third quarter.
According to the CBR's estimates, net outflow of capital from Russia in January-September 2012 came to $57.9 billion, including $13.6 billion for the third quarter, $9.7 billion for the second quarter, and $34.6 billion in the first quarter.
The CBR expects total capital outflow for this year to come to $65 billion.
Commenting on the increase to the Economic Development Ministry's inflation forecast for October from 0.5%-06% to 0.6%-0.7%, Ulyukayev said that these figures are within a reasonable margin of error. "This isn't a significant change. This and the other can exist side by side," he said.
