With economic recovery flagging badly and inflation falling ever deeper into a danger zone, the big decision for the bank is whether to spell out if and when it will open its cash floodgates.
Many economists believe it will do so by means of what is known as "quantitative easing" or "QE", but that it will probably not put such a programme into effect immediately.
QE is a radical policy -- already used by other central banks such as the US Federal Reserve -- of buying securities on a big scale to inject cash into the economy.
The European Central Bank has already cut its key interest rates to record lows and made huge volumes of ultra-cheap cash available to banks in a bid to kick-start lending in the single currency area
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