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ECB Policymaker Signals Rates More Likely to Rise as Oil Hits $100 on July 24

Commodities Forex

2026-07-24 13:37:24

According to Giediminas Jeglinskas, ECB policymaker and Lithuanian central bank governor, on July 24, policy rate increases remain more likely than cuts. The ECB held all three main policy rates steady the previous day. Jeglinskas noted inflation risks remain tilted upward, with crude oil reaching $100 per barrel adding pressure on price growth.

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