17 Jun 2011 10:25

Central Bank expects $35 bln capital outflow in 2011, $10 bln-$15 bln inflow in 2012

ST. PETERSBURG. June 17 (Interfax) - The Central Bank of Russia expects a capital outflow totaling $35 billion in 2011 and a capital inflow of $10 billion-$15 billion in 2012, Central Bank First Deputy Chairman Alexei Ulyukayev told journalists on the sidelines of the St. Petersburg Economic Forum.

He also said that the Central Bank has been less active on the currency market in June. "There was a decline in May compared with April and June has been lower than in May, which is indirect evidence of a decline in the capital outflow from Russia," he said.