3 Oct 2011 12:10

Central Bank raises net capital outflows forecast to $36 bln in 2011

MOSCOW. Oct 3 (Interfax) - Net private capital outflows from Russia will total $36 billion in 2011, the Central Bank forecasts in its draft monetary policy guidelines for 2012 and the period of 2013-2014, published on Monday.

The Central Bank previously forecast that net private capital outflows would amount to $35 billion in 2011.

"The projected growth of the foreign assets of the private sector will not be offset by the growth of corresponding liabilities, as a result of which the net outflow of private capital will increase to $36 billion compared to the previous year," according to the draft Guidelines for the Single State Monetary in 2012 and the Period of 2013 and 2014.