[Fidelity International: ECB's Pause is Temporary, Expected to Raise Rates by 25 Basis Points in September] Jin10 News, July 23 – Conor Parle, Fidelity International's London-based Eurozone economist, stated that the European Central Bank (ECB) kept interest rates unchanged at today's meeting. However, given the backdrop of rising commodity prices and the latest escalation of tensions in the Middle East, this pause in rate hikes is likely temporary. Beyond oil prices, natural gas prices had already been steadily increasing even before the recent escalation in tensions. The demand driven by replenishing low inventories ahead of winter and the expansion of natural gas imports by overseas countries may continue to support price pressures in the natural gas market. Meanwhile, the Eurozone economy has demonstrated a considerable degree of resilience, which suggests that once the ECB updates its economic forecasts in September, it will likely be in a favorable position to raise rates by another 25 basis points to the upper limit of the neutral range, while sending a clear signal to the market about its commitment to price stability.