Marketwatch - The European Central Bank isn’t likely to cut rates Thursday, having just delivered a surprise easing in November. But anyone looking for clues to what comes next needs to pay close attention to what the bank, and President Mario Draghi, have to say about inflation.

After all, unlike the Federal Reserve, which targets both price stability and full employment, the ECB’s sole mandate is to keep prices stable. Reflecting Germany’s heavy influence over the creation of the institution, the ECB is charged with keeping annual inflation near but just below 2%.

Read more