Russia central bank sees oil prices falling to $40/bbl in 2018-2019

Despite the 9-month extension of the output cut deal, the Russian Central Bank still expects oil prices to go down to $40 in 2018-2019. 

As per Reuters report, Central Bank governor Elvira Nabiullina told a news briefing that Russia's economic recovery exceeded expectations. The central bank cut its key interest rate by 25 basis points on Friday to 9.00 percent. 

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