[ECB Governing Council Member Simkus: Rate Hike More Likely Than Staying Unchanged] Jin10 News, July 24 – ECB Governing Council Member Simkus stated that inflation risks are tilted to the upside. The current environment is quite favorable for inflation. Although we have not yet observed second-round effects, on the other hand, inflation itself will remain significantly above the target level for a considerable period in the future, requiring corresponding decisions to be made. Yesterday, oil prices once again reached $100 per barrel. This will undoubtedly impact the inflation environment once more. Therefore, the primary issue is the high level of uncertainty. The European Central Bank is more likely to raise interest rates than to keep them unchanged.