[ECB Governing Council Member: Duration of Middle East Conflict Crucial for Monetary Policy] Golden Finance reports that on July 24, ECB Governing Council member Coeure stated that recent developments in the oil market are concerning. In September, the ECB will either raise interest rates or keep them unchanged. There is no conclusive evidence of second-round (inflation) effects. The duration of the Middle East conflict is clearly crucial for monetary policy. (Cailian Press)