Deepflow TechFlow News: On March 18, according to Golden Ten Data, Ebury analyst Matthew Ryan stated that the conflict in the Middle East is increasingly making it more likely that the European Central Bank's next move will be a rate hike rather than a rate cut. The ECB typically disregards the impact of supply shocks, but the eurozone's experience of surging inflation following the Russia-Ukraine conflict may make it more vigilant about second-order effects. Even before the outbreak of war, data including significant wage negotiation increases had already indicated this trend. At Thursday's meeting, ECB President Lagarde is likely to indicate that the ECB will not allow a dangerous inflation surge scenario to emerge. LSEG data shows that investors expect eurozone interest rates to rise by approximately 36 basis points by year-end.