25.01.07

The inflow of private capital is slowing down. Alexey Ulyukaev, the first Vice President of the Central Bank, forecasts that in 2007 the net inflow will exceed $15 billion (in 2006 it was $41.6 billion). Due to the reduction in the current balance the Central Bank will have to apply less than it formerly has to strengthening the rouble in order to combat inflation, said Ulyukaev. The refinancing rate may be lowered by 0.25% - 0.5%.