After releasing a figure of 9.1% for June inflation, the market is now expecting a 1% rate hike. There is a 75% chance that the interest rate will increase by 1% and only 25% that it will increase by 0.75%. Just a few weeks ago, investors are still crying at a 0.75% interest hike but it seems like the market has fully factored in the 1% hike. Market plunge but rebound.