(Bloomberg) -- Christine Lagarde avoided giving an indication of whether the European Central Bank will raise or hold interest rates next week as she delivered a speech in London. Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe president of the Frankfurt-based institution ke
The president of the Frankfurt-based institution kept up suspense around one of the most uncertain decisions in its yearlong battle against inflation, focusing instead on challenges in communicating at an uncertain time.
New euro-zone inflation numbers released last week showed a closely-watched underlying measure slowed to 5.3% in August from 5.5% in the previous month. Officials are also seeing indications that the contraction in private-sector activity has intensified. Isabel Schnabel, the Executive Board member in charge of markets, said last week that while inflation is still high, growth prospects are worse than officials predicted in June.Speaking earlier Monday, Portugal’s Governing Council member Mario Centeno said there is a risk of raising interest rates too far as the economy adjusts to new financial conditions.
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