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Draghi Bolstering Guidance Seen as Convincing on Rates: Economy

Mario Draghi’s beefed-up forward guidance is convincing economists he won’t raise interest rates any time soon.

Eighty percent of respondents in the Bloomberg Monthly Survey said the European Central Bank president’s promise to keep borrowing costs low for an extended period, introduced in July and reinforced twice this year, has been effective. The survey also showed 98 percent expect the ECB to keep its benchmark rate unchanged at a record low for a fifth month in April.