Russian central bank downgrades forecast for 2015

Source: Bloomberg
© Scanpix/RS
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 28% against the US Dollar this year.
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