ECB Officials See Deeper Uncertainty as Euro-Zone Economy Cools
- Austria’s Nowotny pushes back against market expectations
- Guindos says ECB in ‘dark room,’ Vasiliauskas frets over risks
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European Central Bank officials acknowledged deepening uncertainty over the euro-area outlook as they addressed market expectations that they won’t be able to raise interest rates next year.
Governing Council members from across the bloc held public appearances on Friday, a day after the Frankfurt-based institution halted its 2.6 trillion-euro ($2.9 trillion) bond-buying program despite a slowing economy. Purchasing managers surveys published as they spoke showed the momentum may be even weaker than thought.