Tax proposals provide substantial additional info to assess budget parameters before board meeting - CBR

MOSCOW. May 29 (Interfax) - The Central Bank of Russia (CBR) at the meeting of the board of directors in June will account for the Finance Ministry's proposed tax amendments, which provide substantial additional information to clarify estimates of the parameters of budget policy and the impact on composite demand, the CBR's press service told Interfax.

"The package of tax proposals submitted by the Finance Ministry to the government provides substantial additional information to clarify estimates of the parameters of budget policy and the impact on composite demand over the medium-term horizon. The information will be one of the significant components in discussions for the meeting on the key rate on June 7. Decisions on monetary policy, as always, will be reached based on the totality of all factors affecting inflation and the timeframe for returning to the target level," the CBR said.