Svmuu News Mohit Kumar, a global economist at Jefferies, stated in a report that the market has fully priced in the ECB's 25 basis point rate hike tonight, which is also expected to be the only rate hike in this tightening cycle. The next possible window for a rate hike is in September, when new ECB staff projections will be released. In an optimistic scenario, the war may have ended by then, with oil prices near $80, reducing the need for another rate hike. Even in a pessimistic scenario, where the war continues and oil prices approach $100, the European economy may be nearing or in a recession, and the ECB would not raise rates consecutively under such circumstances. (Jinshi Data)