Nabiullina: we are revising the macroeconomic outlook due to low oil prices

Nabiullina: we are revising the macroeconomic outlook due to low oil prices

Russia's Central Bank is currently revising oil price forecasts and expects a long period of low oil prices, the Chairwoman of the Central Bank of the Russian Federation, Elvira Nabiullina, said at a meeting with Russian bank heads.

"We must proceed from the fact that oil prices may remain at quite a low level for a long time. They are providing additional inflationary pressure," TASS cited her as saying.

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