Alessio Terzi is an economist at the Bruegel Institute, a Brussels-based economic think tank. DW talked to him about the potential impact of the ECB's decision to cut interest rates and expand its bond-buying program.
After previously sparking a mini tantrum in financial markets, the ECB has tried to play a balancing act, emphasizing improved growth while tempering expectations to avoid triggering serious market volatility.
Germany's constitutional court has called into question the European Central Bank's asset purchases, saying they might overstep the central bank's powers, referring the case instead to the European Court of Justice.
Critics of the ECB's lax monetary policy have submitted an urgent motion to Germany's Supreme Court. They demand that the country's central bank immediately exit the ECB's huge bond-buying program.
ECB chief Mario Draghi is expected to highlight the euro area's strengthening economy while underlining the need for caution as the bank inches toward ending its stimulus. But interest rates will not rise anytime soon.
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