Workers weigh a sack of onions at a wholesale vegetable market in Varanasi on June 11, 2026. (Photo by Niharika KULKARNI / AFP via Getty Images)

European Central Bank (ECB) President Christine Lagarde addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

European Central Bank (ECB) President Christine Lagarde addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Vice-President of the European Central Bank (ECB) Boris Vujcic addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

Vice-President of the European Central Bank (ECB) Boris Vujcic addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

European Central Bank (ECB) President Christine Lagarde addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11 raised its benchmark interest rate for the first time since 2023 as the Middle East war stokes inflation, despite concerns the move could hit the struggling eurozone economy. The ECB lifted its deposit rate a quarter point to 2.25 percent, becoming the first major central bank to tighten monetary policy in response to the energy shock unleashed by the conflict. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

TOPSHOT - Founder of French left-wing party La France Insoumise (LFI) and presidential candidate Jean-Luc Melenchon speaks to the press at the esplanade des Invalides outside the National Assembly, France's lower house of parliament, during a demonstration in support of the nationalisation of steelmaking giant ArcelorMittal, called by the General Confederation of Labour (CGT), as the bill comes before the National Assembly in Paris on June 11, 2026. (Photo by SIMON WOHLFAHRT / AFP via Getty Images)

European Central Bank (ECB) President Christine Lagarde arrives at a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11, 2026 raised its inflation forecasts while cutting growth expctations for this year as the blockade of the Strait of Hormuz threatens to prolong a surge in global energy prices. The bank now forecasts inflation of 3.0 percent under its baseline scenario, up from its March figure of 2.6 percent. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images) / ALTERNATIVE CROP