ECB Meets to Decide Path of Giant Stimulus Program—What to Watch


It is decision time for the European Central Bank. After months of deliberation, the bank is finally expected on Thursday to unveil the fate of its giant bond-buying program, known as quantitative easing or QE. The decision has sweeping repercussions for global investors because the €60 billion-a-month ($70.57 billion) purchase program has underpinned the eurozone economy and financial markets since its launch in early 2015.

Now, 2½ years on, the need for such an aggressive stimulus is less clear. The eurozone economy is accelerating,…