The European Central Bank (ECB) has decided to maintain current interest rates, citing ongoing uncertainty in the inflation outlook, according to the latest meeting minutes released on November 27. The ECB's assessment of inflation remains largely unchanged, with some officials suggesting that the easing cycle has concluded, provided that current favorable conditions persist without significant risks materializing. The ECB emphasized a cautious approach, suggesting that monetary policy should only be adjusted for significant medium-term inflation deviations, rather than minor, temporary fluctuations. Despite this, most members acknowledged that the risks surrounding the inflation outlook are two-way, with forecasts remaining more uncertain than previously. The ECB highlighted the importance of waiting for more information before making any policy changes.