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tags.

Let's extract key info: European Central Bank kept rates unchanged, warned energy shock impact not fully felt. Rates: deposit 2.25%, main refi 2.40%, marginal lending 2.65%. Market expects ~48 bps hikes by end of 2026 (actually year-end? Original says "年底前" which is end of year, but later says "2026年底前" - wait, original says "年底前" in first paragraph, then in last paragraph says "2026年底前". That might be a typo or specific? Let's check: first paragraph: "交易员维持此前押注，预计年底前欧洲央行将累计加息约48个基点。今年6月，欧洲央行实施了三年来的首次加息。" So "年底前" likely means end of 2023? But then later: "交易员目前押注欧洲央行在2026年底前将累计加息约48个基点" That is contradictory. Possibly a translation error? The original news might have been from 2023? But the date says July 23? Actually, the text says "7月23日的例行货币政策会议" and "欧洲央行行长将于当地时间14时45分召开新闻发布会" - seems current. The "2026年底前" might be a mistake or specific. I'll keep as per original: "end of 2026" as per later paragraph. But to be safe, rewrite as "by the end of 2026" from the later paragraph. Also note first paragraph says "年底前" but later says "2026年底前". I'll use the more specific one.

Title rewrite: "No Rate Hike! ECB Holds Steady but Warns Energy Shock's Inflation Impact Not Fully Transmitted" -> need entirely different words. Something like: "European Central Bank Keeps Rates Unchanged, Cautions on Incomplete Pass-Through of Energy-Driven Price Pressures" etc.

Content: rewrite each paragraph. Structure: intro, then section headings. Section headings must be bolded and separated by

. The original has headings like "三大利率维持不变" -> "Three Key Rates Unchanged", "数据依赖路径，不预设轨迹" -> "Data-Dependent Path, No Pre-Set Trajectory", "资产组合延续有序收缩" -> "Portfolio Continues Orderly Reduction", "市场维持年内加息预期" -> "Market Maintains Rate Hike Expectations for This Year". Rewrite these headings with different words but same meaning.

Also note the last line "更新中......." means "Updating..." - we can omit or rewrite as "Update in progress" but better to keep as part of content. I'll include as "Update ongoing."

Output format:

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