Support The Moscow Times!

Capital Inflow Expected

The Central Bank expects capital inflows to begin after a new government is formed, Interfax reported, citing unidentified investors who met with bank Deputy Chairman Sergei Shvetsov.

The regulator sees Russia ending 2012 with a net private capital inflow after outflows estimated at $13.5 billion in January and $9 billion in February, according to Shvetsov's comments to potential eurobond investors.

Shvetsov also told investors that the Central Bank didn't see any need to boost economic growth now by reducing interest rates and would focus on containing inflation.

(MT)

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.