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Barclays revise up their EZ CPI............>

EUROZONE
EUROZONE: Barclays revise up their EZ CPI expectations: 
"We revise up our already above-consensus forecast for the euro area (to be
released tomorrow). We now expect euro area flash HICP inflation to increase to
1.9% in May from 1.2% in April, or 0.1pp above the 1.8% we projected before
(consensus: 1.6%). We also believe that core inflation in May jumped back more
than we expected; although we stick to our view that core inflation will rebound
to 1.0% from 0.7%, we do see risks that it may print at 1.1% given that at 2dps
we currently project 1.03%."
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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