Market analysis: The European Central Bank's interest rate hike may repeat its previous mistakes. According to Golden Jubilee Data on June 3, the European Central Bank is expected to raise its key interest rate next week for the first time since 2011. This move aims to send a clear signal about inflation to the market at a time when the eurozone economy is facing the risk of falling into recession. However, the situation in 2011 was vastly different from the expectations of policy makers, so economists are concerned that this may happen again. In 2011, facing the rise in oil prices, the European Central Bank raised key interest rates twice. However, policy makers have misjudged the situation of the eurozone economy in the midst of a debt crisis. The interest rate hike was quickly cancelled, and the European Central Bank lost credibility due to its failure to properly understand the severity of the economic challenges facing the eurozone. Sami Char, Chief Economist of Lomard Odell Bank, said, "It took them 10 years to regain credibility, and now they are going to repeat the same mistake again." Holger Schmid, Chief Economist of Berenberg Bank, said, "The European Central Bank's planned interest rate hike in June may be able to withstand the impact of this round to a certain extent, causing less damage, but if interest rates continue to rise, it may delay the economic recovery after the Iran incident and even cause the eurozone to fall into an unnecessary short-term recession