U.S. officials said “significant amounts” of U.S. dollars were being misused for illegal activities and to evade Iranian sanctions.

[HSBC: The risk of recession in the euro zone suggests the European Central Bank will not raise interest rates again] HSBC Asset Management strategist Hussain Mehdi said that with the euro zone teetering on the edge of recession, the European Central Bank is unlikely to further extend its interest rate hike cycle. The European Central Bank once again raised its core interest rate and raised the deposit rate to 4.0%. However, it also significantly lowered its economic growth forecast for the next three years, pointing out the inhibitory effect of tightening policies. Mehdi said that leading indicators such as manufacturing surveys also show that the euro zone is entering a recession; core inflation is also slowing. "We believe this is likely to be the last rate hike by the European Central Bank."

European Central Bank President Lagarde: Policy transmission is faster than in previous interest rate hike cycles.

According to the Wall Street Journal: The United States plans to sanction dozens of companies and individuals accused of helping Russia.

European Central Bank President Lagarde: The focus is expected to turn to the duration of high interest rates.

European Central Bank President Lagarde: There was no discussion of what it means to "maintain interest rates at current levels for a sufficient period of time."

European Central Bank President Lagarde: We will continue to adopt a data-dependent approach.

Italian government bonds continued to rise, with the 10-year bond yield falling 11 basis points to 4.34%.

Standard Chartered Bank: Turkey is expected to raise interest rates by 500 basis points at the September meeting.

European Central Bank President Lagarde: But the vast majority of people support the European Central Bank’s decision.

European Central Bank President Lagarde: We have analyzed GDP and inflation, and central bank governors in some countries are more inclined to suspend interest rate increases.

European Central Bank President Lagarde: Some long-term inflation indicators have risen and require careful observation.

European Central Bank President Lagarde: The European Central Bank received a large amount of data and analyzed it by staff.

European Central Bank President Lagarde: The European Central Bank is ready to adjust all tools as needed.

European Central Bank President Lagarde: The current interest rate level will help achieve the 2% inflation target.

The European Stoxx 50 index expanded its gains to 1%, reaching its highest point of the trading day.

European Central Bank President Lagarde: Weak demand is a downside risk to inflation.

European Central Bank President Lagarde: Upward risks to inflation include rising energy and food costs.