[Jefferies: ECB May Only Hike Rates Once] Jin10 News, June 11 – Jefferies global economist Mohit Kumar stated in a report that the market has fully priced in a 25 basis point rate hike by the European Central Bank (ECB) tonight, which is likely to be the only rate hike in this cycle. The next possible rate hike window is in September, when the new ECB staff projections will be released. In an optimistic scenario, the war may have ended by then, and oil prices could be near $80, reducing the necessity for another rate hike. Even in a pessimistic scenario, where the war continues, oil prices approach $100, and the European economy is near or in recession, the ECB is unlikely to implement consecutive rate hikes against the backdrop of a recession.