Svmuu News: Scotiabank stated that policy adjustments do not have to follow a linear path, especially during periods of high uncertainty. The market expects the European Central Bank (ECB) to keep the deposit rate unchanged at 2.25% at next Thursday’s rate-setting meeting, following a 25-basis-point rate hike in June. European Central Bank (ECB) On July 1, ECB President Lagarde stated that upside risks to inflation and downside risks to growth may be more balanced than they were a few weeks ago. Since then, tensions between the U.S. and Iran have flared up again, causing both WTI and Brent crude oil prices to rise by approximately $12 per barrel.In June, the eurozone’s overall CPI fell 0.1% month-over-month, while core CPI declined from 2.6% to 2.4% year-over-year.