The ECB meets tomorrow. The meeting is live in the sense that the central bank is widely expected to take fresh actions, ostensibly backed by new staff forecasts. There are three broad areas that the ECB is expected to address. First, the current buying program has a soft end date as of the end of March 2017. It is a soft deadline because ECB President Draghi has made it clear from the get-go that the purchases would continue until the central bank was confident that inflation was moving toward its target, which is near but a little below 2%. The ECB is widely expected to extend the buying for six months. Six months ... (full story)