Market Extra: Pressure mounts on ECB to do QE3 — what to watch at today’s meeting

Will they or won’t they? Extend the European Central Bank’s quantitative easing program, that is.

Investors are becoming increasingly convinced the ECB will prolong its asset-buying program beyond March 2017, but the big question is whether they will make the move as early as this week. The ECB kicked off its corporate bond buying program in June, complementing its purchases of government debt.

The gathering Thursday marks the second meeting for ECB policy makers since the U.K.’s June 23 Brexit vote. After a dovish message in July, economists are scrutinizing every possible hint in a bid to predict the next move.

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