Viewers worry about the tricky dilemma the young Frankfurt-based bank now faces. A rate rise would address inflation and could support the beleaguered euro. But a hike could also stifle growth. In fact, even if the ECB does raise rates, audience sentiment means the euro could end up falling anyway - which, in turn, would bring further inflation. The knee-jerk rise in the euro would soon collapse as people realised the ECB was prepared to choke growth to further its supposed credibility.
Opinion is divided, but emotions are strong on both sides.
He says the BoJ, in trying to prove its anti-inflationary zeal, could spoil everyone's fun. Ominously, Japan is still the world's biggest exporter of capital. But Paul Donovan, of UBS Warburg, profoundly disagrees. When it comes to judging the Bank of England, confusion extends even to the most seasoned monetary-watchers. On a harmonised basis, the UK has the lowest inflation in Europe.