[Institution: Market Expectations for ECB Rate Hikes May Be Overdone] Jin10 News, July 23 – Ed Hutchings, Head of Developed Market Rates at Aviva Investors in London, stated that overall, the European Central Bank's current top priority is very clear: addressing the inflation environment. Therefore, the market's judgment that further rate hikes are likely in the future is reasonable. However, after one rate hike has already been implemented and the market has priced in expectations for more than two additional rate hikes, has the market's expectation gone too far? At present, signs of this are indeed beginning to emerge.