Market Extra: Draghi increasingly likely to leave ECB without ever delivering a rate hike

As the clock ticks down on Mario Draghi’s nonrenewable, eight-year term as president of the European Central Bank, economists see it as increasingly likely he will leave the post without ever having delivered a rate hike.

Draghi’s term is up at the end of October. But some economists think policy makers could move as early as Thursday to answer that question by tweaking the forward guidance in the ECB’s policy statement.

In January, the ECB reaffirmed that it won’t move its ultralow rates, including a deposit rate that stands at -0.4% and a main lending rate at 0%, until at least the end of summer.

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