Market participants are growing confident that the European Central Bank will soon try to boost the eurozone’s ailing economy by rebooting its program of ultracheap long-term loans to the banking system.

The ECB’s Governing Council meets early next month against a backdrop of slowing growth across the region. The downturn comes at a time when the central bank has already used some of its firepower to boost the economy, having ended its €2.6 trillion ($2.9 trillion) bond-buying program in December — although it is still reinvesting the proceeds from maturing assets. Its key interest rate stands at minus 0.4%, where it is expected to stay into 2020.