No less important was the meeting of the European Central Bank, the results of which were announced on 27 July. The European regulator noted that inflation continues to fall, but stressed the need for further fight against it. There have been statements that the future rate hike will depend on the incoming data, but their dynamics is such that a rate hike at the next meetings cannot be ruled out. According to the Bloomberg news agency, investors believe that the rate could rise to the 3.8% area. The euro took advantage of this statement and strengthened significantly.