[ING: ECB Adds Hawkish Tilt Amid Cautious Stance] Jin10 News, April 30 – ING analyst Carsten Brzeski stated in a report that comments made by ECB President Christine Lagarde during the press conference suggest that a rate hike in June has become more likely. Lagarde emphasized that risks to both growth and inflation are intensifying. Brzeski noted that indeed, the most noteworthy remark was Lagarde mentioning that a rate hike was discussed during the meeting—even though the decision to keep rates unchanged was unanimous. However, the motivation or rationale behind such a rate hike is not entirely clear. Brzeski pointed out that the ECB has previously underestimated the adverse effects of shocks while focusing too much on rising inflation, such as during the 2011 sovereign debt crisis. Nevertheless, he stated that the ECB has introduced a clear hawkish tilt within its cautious stance.