The European Central Bank delivered a mixed bag of information for investors at its policy meeting this week, leaving many scratching their heads as to what it's likely to announce at its October get together.
The ECB held interest rates steady on Thursday and said it stands ready to extend its monetary stimulus program as needed. However, this dovish move was countered by President Mario Draghi saying the Governing Council will decide the fate of its quantitative easing program in October — a potentially hawkish move with some expecting it could announce a reduction of its monthly asset purchases.
Central bank watchers will now be waiting eagerly for the ECB's Oct. 26 meeting to find out more. But what can we expect?