Most likely ECB will have to take quite difficult decision today. On one hand, Euro Zone economy is still struggling from high unemployment rate which is yet to show any reduction signs, PMI slowdown and many other problems including Ukrainian crisis and on the other hand the low base effect has worked out and it can be proved by manufacturing activity and retail sales, but these are insignificant fact as already today on the ECB meeting a decision regarding incentives expansion can be taken. Long period of low inflation in Euro Zone can have a massive negative impact.
By now situation is more or less stable, but at the same time there are still problems in two Euro Zone countries. For example there are no positive signs in France and this is the second largest economy in Europe.
That is why there is a high probability that ECB will go for incentives expansion.
