ECB signals end to aggressive rate hikes as focus shifts to supporting economy

ECB raised rates to 4% but indicated this is likely the final hike, leading to market bets on rate cuts in 2024.
Markets are prioritizing concerns about weakening eurozone economy over high inflation.
ECB emphasized rates will stay high to tackle inflation but softened tone on further hikes.
ECB policymakers left door open to more hikes if needed but dismissed imminent rate cuts.
Lagarde stated rate cuts are not on the agenda despite market speculation of cuts in 2024.