[Market Analysis: The Time for ECB Rate Hike Has Come, Risk of Further Action in July] Golden Finance reported on June 11 that analysts from the Bank of Montreal stated some members of the European Central Bank's Governing Council might be thinking: "We’ve waited long enough. Let’s act!" And indeed, they will act, meaning they will raise interest rates on June 11. Since the outbreak of the Iran war, other central banks, such as the Reserve Bank of Australia and Norges Bank, have already tightened monetary policy. However, the ECB will be the first central bank within the G7 group to do so. The ECB once described the eurozone's inflation rate and monetary policy as being "in good shape," but now the situation is entirely different. Concerns about the duration of the Iran war, the sustainability of potential peace agreements, and how these factors will impact inflation expectations and wage demands are driving the ECB toward a tightening policy. Since the last meeting, inflation in the eurozone has not eased. To make matters worse, the risk of economic stagnation is increasing. The ECB must act cautiously, but there remains a risk of subsequent rate hikes, possibly as early as July. (Jin10)