Scotiabank: The European Central Bank will keep interest rates unchanged in July

According to Golden Ten Data on July 18, Scotiabank stated that during periods of heightened uncertainty, the European Central Bank will keep the deposit rate unchanged at 2.25% in the July rate decision. European Central Bank President Lagarde said on July 1 that upside inflation risks and downside growth risks are becoming balanced. Following the outbreak of conflict between the United States and Iran, both WTI and Brent crude oil prices rose by about $12 per barrel. The eurozone's overall CPI in June fell by 0.1% month-on-month, and core CPI declined year-on-year to 2.4%.