The European Central Bank will unveil new measures to stimulate the region’s economy later Thursday.
The ECB kept its interest rates unchanged at record low levels, but said ECB President Mario Draghi would announce “further monetary policy measures” at 8:30 am ET.
That announcement is expected to include a program to buy eurozone government bonds, or quantitative easing. The ECB could buy as much as 50 billion euros a month between March and the end of 2016, according to recent reports.
If confirmed, that would amount to an injection of more than one trillion euros ($1.2 trillion) into the economy, which currently risks being pulled into a deflationary spiral.