Bank of England Monetary Policy Committee member Taylor stated on Thursday that investors' expectations for changes in Bank of England policy have become more aligned with the possible path of interest rates. The Bank of England kept key interest rates unchanged last month, stating that it is prepared to raise borrowing costs to curb inflation driven by soaring energy costs caused by the Middle East conflict. Investors have responded by adjusting their expectations for future interest rate movements to a maximum of four rate hikes this year. Bank of England Governor Bailey later stated that the market was "a bit too hasty". Recently, investors have adjusted their expectations again and expect to raise interest rates once or twice. The market may have been a bit too hasty, perhaps the situation is calming down, "Taylor said. The Chief Economist of the European Central Bank, Liam, stated on the same day that the timing of potential interest rate action is a "detail issue" and that in a highly uncertain economic outlook, policymakers must be prepared to make mistakes. He said, "If you formulate monetary policy in an uncertain situation, you must be open to revising your interest rate decisions." "Raising interest rates may be proven wrong. Staying put may also be proven wrong. We can always update and revise every six weeks