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According to JinShi Data on July 18th, Scotiabank stated that during periods of high uncertainty, the European Central Bank will maintain the deposit rate at 2.25% in its July interest rate decision. On July 1st, European Central Bank President Lagarde stated that the risks of rising inflation and falling growth are becoming more balanced. The conflict between the United States and Iran has erupted, with WTI and Brent crude oil both rising by about $12 per barrel. The overall CPI of the Eurozone in June decreased by 0.1% month on month, while the core CPI fell to 2.4% year-on-year.