Nicosia (AFP) - The European Central Bank, meeting in Cyprus on Thursday, is set to update its economic forecasts and reveal details of its new bond purchase programme, analysts said.Greece will also be high on the agenda of the ECB's decision-making governing council, following the recent eurozone deal to extend aid to the debt-wracked country, the experts said.The eurozone's central bank is holding its second monetary policy meeting of the year in Nicosia instead of its usual venue of Frankfurt.After revealing its plans for quantitative easing (QE) in January, the ECB will focus on fleshing out the details of that programme rather than announcing any new measures, analysts said."Following the QE announcement in January, we expect no further policy decisions," said UniCredit economist Marco Valli.In adopting a "quantitative easing" or QE policy, as other central banks have, the ECB plans to buy 60 billion euros ($68 billion) of private and public bonds each month for 18 months in a bid to ward off deflation in the euro area. "It would be a big surprise if the governing council were to announce any significant new measures in March," said Ben May of Oxford Economics.

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