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2026-05-28 19:55:33
[The ECB’s decision to keep interest rates unchanged last month was a “difficult choice” for some policymakers] (1) The minutes of the meeting released on Thursday showed that the ECB’s decision to keep interest rates unchanged last month was a “difficult choice” for some policymakers; given the persistently high signs of inflation, they could not ignore the impact of energy factors. (2) The minutes noted that several members said they would not have opposed raising interest rates if the meeting had included it on the agenda; the value of “pausing interest rate hikes to preserve policy options” has declined since the last meeting. (3) The central bank also said that the appropriateness of not taking any monetary policy action and simply “temporarily ignoring” the current situation has become increasingly less.
