[ING: Euro Could Benefit if ECB Sends Strong Rate Hike Signal] Jin10 Data reported on April 27 that ING analyst Chris Turner noted in a report that if the European Central Bank (ECB) keeps interest rates unchanged on Thursday but simultaneously indicates a high likelihood of a rate hike in June, the euro should find support near current levels. He stated that the risk of stagflation—weak growth triggered by the Iran war combined with high inflation—has already begun to appear in European data. Turner believes the ECB needs to 'send a strong signal that rate hikes are under consideration.' If the ECB shows any signs of ignoring the inflation surge caused by rising energy prices, the euro could face pressure.