At 14:30 (GMT+2), Canada will publish March 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 accelerates from 0.5% MoM and 1.8% YoY, while the core measure rises from 0.4% and 2.3%, this would influence the Bank of Canada’s policy rhetoric at the upcoming meeting.
