Analysts at UBS are slightly more specific, anticipating that the market is pricing a cut in the ECB's deposit rate of 13.5bp and by a further 6.5bp within the next 12 months.
"According to our calculations, ECB sovereign bond purchases are anticipated to increase by 8.5 billion euros a month along with an extension of the end-date of the programme from September 2016," strategist at the bank, Nishay Patel said.
"With sovereign bond purchases representing around 70 percent of all monthly asset purchases of 60 billion euros this would represent a monthly increase in purchases of all bonds of about 12 billion euros," he added.
Euro zone inflation is expected to hold steady in November, unchanged from the previous month according to official data published on Wednesday.
Eurostat said consumer prices in the 19 countries sharing the euro stayed at 0.1 percent in the year to November in its flash estimate, with the data adding fuel to the European Central Bank's case for increasing its massive bond-buying program to boost prices at its monthly meeting on Thursday.
The figures, which were weaker than expected, give a "final green light" to Draghi to both increase the pace of its trillion-euro asset purchases and cut its deposit rate at Thursday's policy meeting according to chief European economist at Capital Economics, Jonathan Loynes.
"Note that the headline inflation rate will rise quite sharply in the next few months on the anniversary of more big falls in oil prices. By January, it may be over 1.0 percent," said Loynes.
"As such, the ECB is likely to remain nervous that a further prolonged period of below-target inflation will lead to a bigger drop in inflation expectations and take action tomorrow accordingly," Loynes added.