French Foreign Trade Bank claims that expectations of interest rate hikes in the Eurozone are too high

According to a report by analysts from the French Foreign Trade Bank, the economic weakness in the eurozone has made expectations for the European Central Bank to raise interest rates appear aggressive. According to data from the London Stock Exchange Group, the market expects an 80% chance of the European Central Bank raising interest rates by 25 basis points in June, fully taking into account the expectation of two rate hikes before the end of the year.