Bank of America Global Research discusses its expectations for ECB policy meeting. 

"The highlight of the ECB meeting this week could be the start date for the strategy review, without much news on timeline or content. The juice will be in the likely upward revisions to core inflation forecasts. That will matter for 2020. We stick to our view: the strategy review, doubts over "QE infinity" and the reversal rate debate make for a volatile 2020. We do not expect a market impact from this week's meeting, but the review will be very important for markets next year. Depending on the details, the market may reassess the chances of an earlier return to 0. We see positive risks for the EUR from next year's review, even if the ECB "gets it right."," BofA adds.