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Market Extra: Draghi’s ECB may take ‘baby steps’ toward ending ultraloose monetary policy

“Forward guidance” remains the name of the game when the European Central Bank meets Thursday.

When ECB President Mario Draghi begins his news conference following the Governing Council meeting, in which the central bank is seen as virtually assured to leave monetary policy unchanged, his opening statement will be scrutinized for any subtle changes to language laying out the timetable and pace of the ECB’s asset-purchase program and rates.

Should investors look for changes?

On the one hand, for those pining for the ECB to bring its asset-buying program to an end and set the stage for eventual rate increases, economic data across the eurozone continues to impress.

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