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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
Bloomberg business news
Draghi Says Balance of Risks Is Moving to Downside

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.