At 08:00 (GMT+2), German data on the consumer price index for April will be published — the main indicator of the inflation rate in the country, which reflects the change in retail prices for a certain "basket" of goods and services: food, transport, utilities, healthcare, and so on, and has a significant impact on decisions of regulators in the field of monetary policy. If it decreases from 0.3% MoM and from 2.1% YoY, while the harmonized monthly indicator declines from 0.5% and 2.2%, respectively, this may affect the rhetoric of the monetary authorities regarding interest rate adjustments.
