Iran's foreign minister has arrived in Qatar.

Scotiabank expects the Bank of Canada to hold policy at this meeting, with forward guidance remaining cautious and the balance-sheet programme unchanged. The bank’s economics team still forecasts 75bp of tightening from Q4 into Q1, citing a growth rebound and re-emergent pre-war drivers of inflation; commodity prices have fallen from their peaks but remain above year-start levels. The statement may highlight a Q2 rebound while noting modest spare capacity, signal lower energy prices but use guarded language given a fragile US‑Iran MOU and gasoline/derivatives market imbalances, and is likely to reiterate readiness to respond to two‑way risks.

Spain June HICP final YoY 3.6% (expected 3.6%; previous 3.6%).