ECB Minutes Show Policymakers Split on Rate Cut Cycle Amid Two-Way Inflation Risks

The European Central Bank held its policy rate unchanged on Nov. 27, with meeting minutes revealing divergent views among officials on the monetary policy trajectory, Jin10 reports. Some members argued the rate reduction cycle has concluded given favorable outlooks, while the majority assessed inflation risks as two-directional with heightened uncertainty compared to prior periods. The minutes stated the central bank's strategic stance should avoid fine-tuning for modest, temporary inflation fluctuations around targets, adjusting only when significant medium-term deviations are anticipated.