European Central Bank Managing Director Casillas: If oil prices anchor inflation expectations, the European Central Bank will raise interest rates According to a report by Golden Finance, on May 14th, the European Central Bank's Managing Director, Lazarus, stated that if the rise in crude oil prices is transmitted to inflation expectations, the European Central Bank will need to increase its borrowing costs. He said, 'Oil prices are rising, and we are seeing this gradually starting to push up inflation; if inflation expectations begin to worsen, the European Central Bank will be forced to raise interest rates.' Markets and economists expect the European Central Bank to raise interest rates by 25 basis points at its June meeting. Kazakis said, "Currently, the financial market expects interest rate hikes - I cannot confirm nor deny it. We will wait and see if this situation really occurs. However, if we examine the scenario analysis and our forecast data, the current situation is indeed slightly more severe than the initial baseline scenario forecast