0523 GMT - The European Central Bank's release Thursday of the accounts of the June Governing Council meeting will receive investor interest, but the decline in oil prices since the meeting mitigates the urgency of future policy debate, analysts at Daiwa Capital Markets say in a note. At the June meeting, the ECB raised its inflation forecast and the central bank also hiked interest rates for the first time since 2023. "However, the subsequent decline in energy prices has arguably reduced its relevance for future policy debate, with policymakers at [the meeting in] Sintra last week suggesting that they were in no rush to tighten again as soon as July's meeting," the analysts say. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 01:23 ET (05:23 GMT)

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