Headquarters in london. Im manus cranny. Decision day for the e. C. B. It is the runup to todays meeting. Mario draghi has said it is too early to decide whether to trillion are 1. 1 uro bond buying program. Very good day to you. Lets get to it. What can we expect from mr. Draghi . Well, we can expect more dovish rhetoric. More talk that the e. C. B. Is ready to step up if needed and is probably not to expect increasing q. E. And pay of government bonds in the euro area. Several members have said they need more information and data to evaluate how q. E. Is working. Manus this is almost a splendid rerun of 2014 in many ways. The buildup to christmas. The buildup to the first quarter. Lets deal with data because that is what we do quite well here at bloomberg. What does the data say in termsor q. E. Working . I thought inflation was supposed to rise. Well, inflation rose for a while, but then there was another fall in the price of oil. This of course has had anfect on inflation in the eu