European Union — European Central Bank & Ishaq Dar

European Union — European Central Bank: The European Union — European Central Bank may have to tighten interest rates due to accelerating inflation in Europepe, partly influenced by global economic strains from the U.S.-Iran conflict.

Ishaq Dar: As Pakistan's Foreign Minister, Ishaq Dar has been actively involved in mediating talks between the US and Iran, traveling to Washington to meet with US officials to discuss peace efforts.

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

Ishaq Dar: Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Minister, had a phone conversation with Chinese Foreign Minister Wang Yi regarding the restoration of peace in the Middle East.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates in response to inflation fueled by the Iran war, becoming the first major central bank to do so, aiming to dampen consumer price inflation.

Ishaq Dar: Ishaq Dar, Pakistan's Foreign Minister, met with Iran's foreign minister, Abbas Araghchi, during diplomatic discussions.

European Union — European Central Bank: The European Union — European Central Bank is expected to make a decision on interest rates, following the United States — Federal Reserve, in a week of significant economic touchpoints.

Ishaq Dar: Ishaq Dar, Pakistan's Foreign Minister, has played a crucial role in mediation and traveled to China to discuss efforts to resolve the Middle East crisis.

European Union — European Central Bank: The European Union — European Central Bank may have to tighten interest rates due to accelerating inflation in Europepe, partly influenced by global economic strains from the U.S.-Iran conflict.

Ishaq Dar: Ishaq Dar, Pakistani Deputy Prime Minister and Foreign Minister, met with US Secretary of State Marco Rubio to discuss Middle East developments.

European Union — European Central Bank: Held rates steady but a September rate hike is about 70% priced in.

Ishaq Dar: Pakistani Foreign Minister urged US and Iran to exercise restraint.