Bundesbank President Joachim Nagel said the European Central Bank’s June decision to keep interest rates unchanged was a close call, underscoring how divided policymakers were over the next move.

Speaking on the ECB’s outlook, Nagel said officials have not committed to any preset path for borrowing costs. His comments suggest the central bank is still weighing incoming data rather than signaling an immediate shift in policy.

The remarks come as the eurozone continues to face mixed economic signals, with inflation trends, growth concerns and global uncertainty all shaping the debate over whether rates should stay elevated or begin to ease later this year.

For households and businesses across the currency bloc, the message is that the ECB is keeping its options open. Any future decision will depend on how the economy and price pressures develop in the weeks and months ahead.