What can we expect from the European Central Bank this week?

Questions over further quantitative easing rollout

Markets are anticipating a cut of at least 0.1% in the deposit rate at this week's European Central Bank (ECB) meeting but commentators are unsure whether further quantitative easing (QE) will be unveiled.

Hussein Sayed, chief market strategist at FXTM, said ECB president Mario Draghi is facing challenging times given the opposition from some members of the Governing Council, which is likely to make this meeting the most notable in several years.  He said: "The euro will move according to how aggressive the easing package comes. A monthly purchase programme of €30bn-€40bn a month may satisfy bond traders who have pulled yields to record lows in recent weeks, and that is likely to put further pressure on the euro versus the dollar, sending it below 1.09. "A bond purchase programme less t...