Waning economic momentum is one reason the European Central Bank will probably hold off from raising interest rates for the time being. While much of the region’s attention is trained on France’s fiscal and bond-market woes, data due on Friday will also reveal a slowdown in euro-zone growth alongside a less pressing need for more action on inflation. A Bloomberg poll suggests third-quarter expansion moderated to 0.2% from a blowout 0.6% jump in the second that was boosted by Ireland's bumper result. Separate surveys, meanwhile, show a clear upward inflation shift is lacking in October in the bloc’s four biggest members.
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