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11/06/21 - 1130BST/1230CEST/0630ET
Despite the Bloomberg consensus for a +25bp hike at this week's meeting, we see the CBR continuing To deliver above expectations in June at +50bp, owing to sustained upside momentum in demand-side factors driving headline CPI above 6%. Robust high frequency data in 1Q21 continue to amplify overshooting pressures, forcing the CBR to act decisively to reassert a more dominant disinflationary trajectory.
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