① The market generally expects the ECB to keep interest rates unchanged to buy time to assess the impact of the further escalation of the US-Iran conflict. ② Focus on whether the ECB will release clues about the policy path in September and beyond. ③ Watch to see if Lagarde will emphasize the risk of rising inflation at the press conference, implying that further tightening is still being planned. ④ Follow the ECB's views on the economy. ⑤ Follow the ECB's views on the Middle East conflict, energy prices, exchange rates, etc. Note: At 20:15 Beijing time, the ECB announced the interest rate decision; at 20:45 Beijing time, ECB President Lagarde held a press conference on monetary policy.

① The market generally expects the ECB to keep interest rates unchanged to buy time to assess the impact of the further escalation of the US-Iran conflict. ② Focus on whether the ECB will release clues about the policy path in September and beyond. ③ Watch to see if Lagarde will emphasize the risk of rising inflation at the press conference, implying that further tightening is still being planned. ④ Follow the ECB's views on the economy. ⑤ Follow the ECB's views on the Middle East conflict, energy prices, exchange rates, etc. Note: At 20:15 Beijing time, the ECB announced the interest rate decision; at 20:45 Beijing time, ECB President Lagarde held a press conference on monetary policy.