Deutsche Bank: Rising oil prices are expected to lock in the European Central Bank's September interest rate hike

Rainer Guntermann, interest rate strategist at Deutsche Bank, said that the rise in oil prices has raised the possibility of the European Central Bank raising interest rates again in September, and the market has fully reflected this expectation. European Central Bank President Lagarde may adopt a tough tone on inflation risks, but it is unlikely that she will commit to a rate hike in September ahead of schedule as economic growth resistance increases.