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CBR lowers ruble rate growth forecast to 7-8% in 2006

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Russia's Central Bank has lowered its forecast for growth of the ruble to 7-8% in 2006, the bank's chairman said Thursday.

MOSCOW, June 8 (RIA Novosti) - Russia's Central Bank has lowered its forecast for growth of the ruble to 7-8% in 2006, the bank's chairman said Thursday.

"The real ruble growth will be 7-8%, most likely 8%," Sergei Ignatyev said.

The CBR's monetary policy guidelines projected the ruble's real growth rate at 9% in 2006.

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