ECB Decision Day Guide From Low Inflation to Pausing Absorption

Here’s what to look for when the European Central Bank’s 24-member Governing Council releases its monthly interest-rate decision for the euro area at 1:45 p.m. and ECB President Mario Draghi holds a press conference in Frankfurt at 2:30 p.m.

-- Benchmark rate: 14 of 54 economists in a Bloomberg News survey predict a cut in the main refinancing rate today. Eight forecasters, including Morgan Stanley and Commerzbank AG, say the ECB will lower the rate to 0.1 percent from the current record low of 0.25 percent. Six, including BNP Paribas SA and Credit Suisse Group AG, predict a reduction to 0.15 percent.