CBRT Minutes (Jun): Remains highly attentive to upside risks on inflation
11 ships, including 5 oil tankers, will arrive at Iranian ports by tonight, Al Araby reports citing Iranian TV
Israel PM Netanyahu is aiming to influence the final Iran deal, according to an Israeli source, using right-wing media figures and friendly senators to exert pressure on US President Trump, CNN reports
CBRT Minutes (Jun): Remains highly attentive to upside risks on inflation
BoE holds rates as expected at 3.75%, Vote split: 7-2, Greene & Pill dissent, voted for a hike.
Bank of Spain raises its 2026 inflation forecast to 3.6% (prev. forecast 3.0%) and 2027 inflation forecast to 2.6% (prev. forecast 2.5%)
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- Monetary policy decisions are made prudently on a meeting-by-meeting basis with a focus on the inflation outlook.
- In case of a significant and persistent deterioration in the inflation outlook, monetary policy stance will be tightened.
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