December 14, 2018 / 4:24 PM / 2 months ago

Russia's central bank lowers 2019 reserves growth forecast

MOSCOW, Dec 14 (Reuters) - The Russian central bank said on Friday that it had lowered its forecast for Russia’s international reserves growth in 2019 to $52 billion from $70 billion expected earlier.

The central bank said in a report on monetary policy that it would continue building up the country’s reserves in 2019-2021 in line with fiscal rules.

The international reserves held by the central bank stood at $463.6 billion as of Dec. 7. (Reporting by Elena Fabrichnaya and Polina Nikolskaya Writing by Andrey Ostroukh Editing by Tom Balmforth)

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