Russia central bank chief: OPEC deal will boost Russian economy
Reuters
Published Dec 02, 2016 07:47AM ET
Russia central bank chief: OPEC deal will boost Russian economy
MOSCOW (Reuters) - A decision this week by global oil exporters to cut crude production will result in higher oil prices and a faster recovery for the Russian economy, Russian central bank governor Elvira Nabiullina said on Friday.
However, she said there was a low probability that the central bank will change the oil price forecast in is base economic scenario, and that any change would depend on how markets react to the output cut deal.
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Written By: Reuters
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