Market confidence in the European Central Bank's rate hike in June has weakened

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Golden Finance reported that on April 30, according to foreign media reports, on Thursday, traders’ confidence in the European Central Bank raising interest rates as early as June fell slightly, as policymakers weighed the extent of the impact of rising energy prices on inflation and economic growth. The European Central Bank said that the Iran war disrupting global energy flows has heightened the risks of rising inflation and slower economic growth. After the news was released, eurozone bond yields and the euro both fell, and traders slightly reduced their expectations for a June rate hike. The money market is currently pricing a 22 basis-point June rate hike, down from about 26 basis points earlier on Thursday; total rate hikes of about 72 basis points by the end of the year, below earlier expectations of 76 basis points. (Jin10)

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