Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes The ECB Decision...

Mamta BadkarJun 5, 2014, 16:54 IST

REUTERS/Francois LenoirEuropean Central Bank (ECB) President Mario Draghi waves as he arrives at an eurozone finance ministers meeting in Brussels February 17, 2014.

The European Central Bank's latest monetary policy decision is out at 7:45 a.m. ET.

Economists are looking for the ECB's benchmark interest rate to be lowered to 0.15% or 0.1%, down from current 0.25%.

This will be followed by a press conference with ECB head Mario Draghi.

Markets will also be watching for any announcements on an asset purchase program, or quantitative easing.

Claus Vistesen at Pantheon Macroeconomics doesn't expect the ECB to fire any sort of bazooka today though.