Russian cbank raises forecast for ’18 retail loan growth to 21–24%

MOSCOW, Oct 29 (PRIME) -- The Russian central bank has raised its 2018 retail crediting forecast to 21–24% from 19–22%, it said in a statement on October 26.

The forecast for the growth of loans to the economy increased to 12–17% from 10–12% from 8–10%.

The central bank retained the longer term forecasts for retail loans: at 12–17% for 2019 and at 10–15% for 2021.

The forecast for the loans to the economy for 2019 rose to 7–10% from 6–9%, the forecasts for 2020 and 2021 remained at 6–10%.

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