The European Central Bank has become the first major central bank to raise interest rates since the resurgence of inflation. On June 11th, the European Central Bank raised interest rates for the first time in nearly three years, becoming a pioneer among developed country central banks in dealing with inflation caused by the Iran War. The bank raised its main interest rate from 2% to 2.25% today, which was expected by the market, but also highlighted the challenges that the prolonged closure of the Strait of Hormuz has brought to major economies due to rising energy prices. Investors generally believe that the European Central Bank will raise interest rates at least once again this year. This decision also makes the European Central Bank the first major central bank to tighten monetary policy in response to rising energy prices, which have led to inflation rates in the eurozone exceeding 3%. It is expected that the Federal Reserve will keep interest rates unchanged next week under the leadership of Chairman Walsh, who is facing a dilemma between Trump's demand for low interest rates and rising inflationary pressures; The Bank of England is also expected to keep interest rates unchanged next week.