Economics
ECB's Split With Fed Risks Running Until Draghi Near Retirement
- Market indicator shows next ECB rate hike not before Nov. 2018
- 22% of economists say Draghi term will end with missed mandate
Will Draghi Be Long Gone Before ECB Raises Rates?
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By the time the European Central Bank raises its key interest rate again, Mario Draghi might be on the verge of retirement.
As the euro area’s chief monetary-policy maker prepares to deliver another salvo of stimulus this week, a Morgan Stanley gauge based on financial-market trading indicates the ECB won’t raise its benchmark until November 2018. That’s just a year before President Draghi’s eight-year term ends. Some economists say he won’t even achieve his inflation goal before he goes.