Sweden’s underlying inflation rate fell to a five-month low, broadly in line with expectations and strengthening the case for the Riksbank to reduce interest rates later this month.

The board of the Central Bank of Russia (CBR) resolved to cut the key interest policy rate from 21% by 100 basis points to 20% at the policy meeting of June 6, the CBR said in a press release. (chart) As followed closely by bne IntelliNews,

OTTAWA (Reuters) -The Bank of Canada is expected to hold interest rates at 2.75% on Wednesday, with rising core measures of inflation and better-than-expected gross domestic product growth in the first quarter seen pushing policymakers towards a pause.