ECB to Raise Rates to 2.25%, BOC Holds Steady; U.S. CPI Data in Focus

This week (June 8–12), markets await key economic data and central bank decisions. The European Central Bank is expected to raise rates by 25 basis points to 2.25% on June 11, according to market pricing, while Canada's central bank is likely to hold rates at 2.25% on June 10. In the U.S., May inflation data due June 10 will be closely watched ahead of the Fed's June 17 rate decision; market expectations show a 98% probability of a rate hike by December, following stronger-than-expected May employment data. China will release May trade and inflation figures, with CPI forecast to rise 1.3% year-over-year and producer prices climbing 3.7%, driven by tech product prices and Middle East-related manufacturing cost pressures.
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