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Bunds attempt to break lower

MNI CBR Preview June 2021- POV: CBR to Hike +50bp, Robust Data Reflect Overheating Risks

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%

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CBR Meeting 11/06/21 - 1130BST/1230CEST/0730ET

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