FXStreet (Edinburgh) - Analysts at Danske Bank expect the ECB to expand its ‘quantitative easing’ programme and to cut its deposit rate further at its meeting on Thursday. Key Quotes “We have changed our view and now expect the ECB to cut the deposit rate by 20bp (previously 10bp) accompanied by a two-tier deposit rate system”. “Our changed view reflects that none of the ECB members have argued against the aggressive pricing of more than a 10bp cut together with this week’s Reuters' article suggesting the ECB is considering a larger deposit rate cut”. “We also look for the ECB to expand QE purchases to EUR75bn per month and believe it will extend the purchases until December 2016. The actual ending point should still be dependent on a sustainable adjustment in the inflation path”. For more information, read our latest forex news.