What to Expect From Thursday's European Central Bank Meeting

One of the most important European Central Bank meetings in recent memory takes place on Thursday.
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One of the most important European Central Bank meetings in recent memory takes place on Thursday.

Investors expect ECB President Mario Draghi to announce changes to the central bank's quantitative easing program, even though the eurozone's inflation rate remains below the ECB's target of near 2%.

"Most analysts expect the central bank to cut its bond purchases to between 25 and 30 billion euros per month from the current level of 60 billion," said Antonia Oprita, sr. editor and columnist with Real Money, based in London.

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