Ed Hutchings: Market expectations for European Central Bank rate hike may have been excessive

Ed Hutchings, the head of developed market interest rates at Yingjiehua Investment in London, stated that the European Central Bank's top priority at present is to address the inflationary environment. The market believes that it is reasonable to continue raising interest rates in the future, but with one rate hike already completed and market expectations for more than two rate hikes already included, market expectations may have gone too far.