According to CoinMeta, Massimo Spadotto, the head of fixed income at eurizon, stated that it is “highly possible” that the European Central Bank (ECB) will raise interest rates further to 2.75% during one of the last two meetings of this year. He added that another rate hike could be considered the baseline scenario, although it is by no means certain. Spadotto noted that this largely depends on the trend in commodity prices, which in turn are affected by the progress of conflicts in the Middle East. However, the market has already fully priced in the expectation of two more rate hikes by the ECB this year; therefore, these rate hikes themselves should not put pressure on the market and may instead trigger a “sell expectations, buy facts” trend.