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June 10, 2026 5:41 PM UTC
Bottom Line: Russia’s annual inflation continued its decreasing pattern moderately in May and slowed to 5.3% y/y. This deceleration was driven by the lagged effects of previous aggressive monetary tightening, a relatively resilient ruble, and softening core inflation. Marking the lowest level sinc

June 10, 2026 4:55 PM UTC
The FOMC meets on June 17 and while a change in the Fed Funds target range from the current 3.5-3.75% is unlikely, the statement is likely to drop the easing bias. The median dots are likely to get a little more hawkish with a hawkish skew in the detail, with inflation forecasts, even ex food and en

June 10, 2026 3:21 PM UTC
While recognizing that oil is around $10 per barrel higher than was assumed in its April Monetary Policy Report, the Bank of Canada left rates unchanged at 2.25% with a balanced tone to the statement. As long as core inflation does not start showing feed through from energy the BoC looks likely to a
June 10, 2026 1:58 PM UTC
Unchanged with outlook presented in conditional terms
Core stance though is to look through inflation while being more on guard against downside risks especially from US trade deal renewal
Latter remains the main near-term risk for the CAD
June 10, 2026 1:17 PM UTC
We expect PPI to rise by 0.8% overall in May, strong if slower than April’s 1.4% surge, with a 0.4% rise ex food and energy, significantly slower than a 1.0% increase in April. Ex food, energy and trade however we expect only a modest slowing, to 0.5% in May from 0.6% in April.

June 10, 2026 1:08 PM UTC
May CPI is in line with expectations at 0.5% overall but the core rate ex food and energy was softer than expected at 0.2%, with the rise before rousing being 0.208%. The most surprising restraint on the data was a 0.6% fall in transportation services, despite continued gains in air fares.