At 15:30 (GMT+2), Canada will publish January data on the consumer price index, which is the main indicator of the country's inflation rate and determines the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, health care and others, and also has a significant impact on the decisions on monetary policy. If the indicator rises from -0.2% MoM and 2.4% YoY, and the core indicator from -0.4% MoM and 2.8% YoY, this will certainly influence the rhetoric of the monetary authorities at today’s Bank of Canada meeting.
