Report: Rising energy prices may prompt the central bank to take action.

Christian Lenk of Germany's Central Cooperative Bank stated in a report that the prospect of continued high energy prices should prompt central banks around the world to react to the growing inflation risks. Given the environment of conflicts in the Middle East, the Central Cooperative Bank of Germany has adjusted its main scenario. The analyst predicted that the European Central Bank is expected to raise interest rates twice in the next six months. As for the Federal Reserve, the Central Cooperative Bank of Germany has dropped its earlier expectation of two interest rate cuts this year. "It won't be until the first quarter of 2027, by which time the impact of energy prices should at least be digested due to the base effect, that the next interest rate cut window for US monetary policy makers may open."