European Central Bank President Christine Lagarde, and key officials including chief economist Philip Lane, have made clear they are about to take action to boost the eurozone economy that has been thwarted by a new wave of government restrictions.
So the only debate heading into Thursday’s meeting is what, not if, action will be taken.
Here’s a look at what some leading observers are saying ahead of the meeting. The ECB decision will be announced at 1:45 p.m. local time, which is 7:45 a.m. Eastern, and the Lagarde press conference will start 45 minutes later. The consensus expectation is that the ECB will increase the size of the Pandemic Emergency…