Russian Central Bank Sets Economic Scenario With Oil Prices at $80 Per Bbl to End of 2017 | Business | RIA Novosti:
"The Russian Central Bank has dumped the idea of developing a stress scenario for the development of the economy that would account for oil prices hitting $60 per barrel and believes oil prices will not drop below $80 per barrel up to 2017, the bank said in a statement Monday.
The most pessimistic economic forecast also takes into consideration western sanctions that will most likely remain in place until the end of 2017, the statement reads. The Central Bank's base scenario suggests that oil prices will reach $95 per barrel in 2015 and will be corrected to $92 per barrel by 2017.
“The results on the net personal outflow of capital for 2014 is assessed at the level of $128 billion, which is higher than the forecast,” the statement reads."
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