Current policy -
- Deposit facility rate at -0.20 percent
- Refinancing rate 0.05 percent
- Marginal lending facility rate at 0.30 percent
- ECB started its asset purchase programme of € 60 billion from this month
- Change in growth and inflation forecast by the ECB staff as QE kicks in.
- Details on the purchase operation the like directly buying from the trading platforms?
- How the key ratio to be maintained like monthly basis?
- ECB's view on the negative yields
- The reporting frequency of the purchase would be very vital. Weekly reporting would influence market a lot more.
- What will be the average duration of the portfolio? Will move the yield curve.
- ECB's view on the effect of liquidity in the bond market due to the purchase.
- ECB's view on the Greek situation and its stance.
- View on potential cost and risk of the purchase.
- Decision on Greek bonds as collateral.
- ECB's view on recent positive data.
- Major focus is on Euro and the Euro zone bonds. Euro is trading at 1.104, down 0.34 percent for the day.
- Euro is breaking into new low against the dollar in today's trading but yet to break the important 1.10 level but can break that over the decision and conference.
- Euro would be bearish if ECB shrugs off the fear over potential cost associated and seem determined to be dovish over quite a long time.
- Bond yields would try to get queue more from the purchase details, ratio maintenance and reporting.
- Euro could be bullish if ECB seems to be less dovish over the recent positive data on Eurozone and mention earlier possible closing of the purchase.
 is to provide further guidance in policy meet. Result to be announced at 12:45 GMT, followed by press ...){kind=link}