Despite unanimous decision to keep interest rates at 2%, there are two opposing views within the ECB

At the last meeting of the European Central Bank (ECB) at the end of October, there was unanimous agreement to maintain interest rates at 2%. However, the minutes of the discussion, published this Thursday, reveal two very clear opposing views: one believes that the cycle of rate cuts “has come to an end”; while the other advocates for an “open mind” regarding the possibility of further cuts.