Goldman Sachs now expects to see Draghi & Co announce sovereign QE in 15 days.

“The downside surprise in the euro area inflation rate in December and the renewed easing in inflation expectations are likely to have increased the sense of urgency on the ECB’s Governing Council for a response,” Goldman Sachs analyst Dirk Schumacher wrote. Schumacher expects an increase of 500 billion euros to 1 trillion euros, focusing on purchases of sovereign debt.