The next few weeks will be busy for central bank rate announcements. With the Bank of Canada’s June 10 decision now behind us, attention turns to the ECB on June 11, the BoJ and RBA on June 16, the Fed on June 17, and the BoE on June 18. The key question is whether the latest inflation impulse is enough to restart a global tightening cycle, or whether most central banks use June to reinforce a higher-for-longer message while waiting for more evidence. • The BoC preserved optionality this morning. Its communication emphasized data-dependence and a balance of risks that leaves upcoming meetings live in either ... (full story)