The European Central Bank's latest policy meeting minutes reveal an interesting split among governing council members. Several officials flagged that inflation pressures now tilt toward the downside—a meaningful shift in tone. Meanwhile, the council emphasized maintaining full operational flexibility for upcoming decisions, keeping all options on the table regardless of economic direction. This suggests policymakers are recalibrating their near-term outlook while resisting premature commitments, a stance worth monitoring given how central bank moves ripple through global financial markets, including digital assets.