Dortmund: If energy markets remain calm, the European Central Bank may keep interest rates unchanged at its next meeting

European Central Bank Managing Director Dorenc stated that if the situation in the Middle East does not escalate during the next resolution period, the ECB may maintain interest rates unchanged at the next meeting. Dorentz stated at the Sintra Forum on Tuesday that it is reasonable to suspend interest rate hikes if energy prices remain stable, commodity volatility does not spread, and the second round effect is not evident. Dorentz said that if oil and gas prices remain low, there is no need to rush to tighten. Based on existing data, adopting a wait-and-see attitude before September may be appropriate. Dorentz warns that the situation may change at any time, geopolitical risks have not completely dissipated, conflicts are difficult to resolve in the short term, and uncertainty remains high.