FRANKFURT, Germany -- The European Central Bank President Mario Draghi will likely face questions about a new bond-buying plan Thursday, when he holds a press conference after a monthly policy meeting.
The central bank is not expected to take further action in the form of emergency measures or a cut in the key interest rate, which is at a record low of 0.75 percent.
However, Draghi's comments will be scrutinized for details on what the ECB expects from countries, like Spain, who might hope to benefit from the new bond-buying program, which will seek to lower government borrowing costs. Madrid has delayed asking for help.
Draghi is also expected to underscore the weak economic outlook for the 17-country eurozone, which is forecast to fall back into recession and is suffering high unemployment.