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19.10.201504:24:01UTC+00ECB to meet in Malta to determine whether to bolster QE

The European Central Bank is scheduled to meet in Malta Wednesday to discuss the monetary policy for the eurozone's economy, which is seeing its recuperation hit by degenerating global trade and market volatility.

Economists in a Bloomberg poll believed officials are likely to say they have no choice but to bolster stimulus by the end of the year, and may realize it as soon as Thursday.

The pressures are escalating even though ECB officials implied it is too early to tell whether an emerging-market downturn and commodity price decline will derail the region's sluggish recovery.

Its interest rate decision will be announced Thursday, to be followed by ECB President Mario Draghi's press conference in Valletta.

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