Mon, 10 Nov 2014 11:32:05 GMT
Russian central bank downgrades forecast for 2015
Russia's central bank expects there to be no growth next year, on the condition that sanctions are not lifted and the average price of oil stands at $95 per barrel. Also, according to the updated monetary policy blueprint for 2015-2017, the regulator now estimates the inflation will reach 4% in 2017 instead of 2016. So far the Ruble has depreciated