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MNI CBR Preview: CBR to Hike +50bp, Robust Data Reflect Overheating Risks

RUSSIA

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.


Full Preview Here:

CBR Preview 11.06.21.pdf

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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