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On July 4th, European Central Bank (ECB) Governing Council member Mohelan stated on Saturday that following last months interest rate hike, data shows inflation has fallen with the plunge in oil prices, placing the ECB in a "favorable position." The ECB does not provide forward guidance, so it will not reveal its plans for July. However, the rapid decline in oil prices has provided some relief and puts the ECB in a more advantageous position regarding interest rates. Mohelan also stated that the ECBs 2.25% interest rate is "very low" compared to other central banks, and the June rate hike was "reasonable" under any circumstances. He further pointed out that the ECBs communication at the time indicated that this rate hike was not the start of a new tightening cycle.German Chancellor Merz spoke by phone with Ukrainian President Zelensky to discuss Russian airstrikes on Kyiv and other parts of Ukraine.July 4 - From today (July 4) to the 6th, public farewell and memorial services for the late Iranian Supreme Leader Ayatollah Khamenei will be held in Tehran, the capital of Iran. It is estimated that 15 to 20 million Iranians will come to bid farewell to Khamenei.July 4 (Xinhua) -- The Malian Armed Forces issued a statement on July 4 saying that military positions in several parts of Mali were attacked early that morning, and the military is currently monitoring the situation. The statement said the attacked positions were located in Agailok, Anefisse, and Gao in the north, and Sevare in the central part of the country. The statement did not specify the identity of the attackers, the details of the attack, or whether there were any casualties. Mali has experienced a prolonged period of instability since 2012, with frequent terrorist attacks, armed conflicts, and ethnic violence. In recent years, the Malian military has repeatedly stated its commitment to continuing its fight against terrorism and armed groups within the country.European Commission President Ursula von der Leyen: Ten months ago, the European Commission proposed suspending trade preferences under the EU-Israel Association Agreement.