Daiwa Capital Markets analysts said investors will watch ECB minutes due Thursday, but the post-meeting fall in oil prices has eased the urgency of the policy debate. At its June meeting the ECB raised inflation expectations and delivered its first rate hike since 2023. Analysts added that the subsequent drop in energy prices has arguably reduced its significance for future policy deliberations, and policymakers at last week’s Sintra meeting signalled they are not in a rush to tighten again in J

Daiwa Capital Markets analysts said investors will watch ECB minutes due Thursday, but the post-meeting fall in oil prices has eased the urgency of the policy debate. At its June meeting the ECB raised inflation expectations and delivered its first rate hike since 2023. Analysts added that the subsequent drop in energy prices has arguably reduced its significance for future policy deliberations, and policymakers at last week’s Sintra meeting signalled they are not in a rush to tighten again in July.