“Super” Mario Draghi can’t even think about putting away his cape.

The European Central Bank boss, who has fought to keep the eurozone together and revive growth, is on the hook again this week to come to the rescue — this time in response to new political shocks.

Coming on top of Brexit and last Sunday’s referendum win by the anti-euro forces in Italy, and with big elections ahead in France, the Netherlands and Germany that could see Euroskeptical forces gain strength, the bloc’s central bank is widely expected to keep its supposedly emergency stimulus program in place beyond its March expiry date. Forty out of 54 economists polled by Reuters said Draghi will announce Thursday that the ECB will keep its government and corporate bond purchases at €80 billion per month. The rest think he will start to reduce that amount (“tapering”) by €10 billion to €20 billion each month.

Draghi has previously denied that he and his ECB colleagues had discussed tapering, stressing that the eurozone economy still needs the super-loose monetary policy known as quantitative easing (QE).

Here are three questions that could be answered when the ECB announces its latest policy decision at 1:45 p.m. CET and during Draghi’s press conference afterward:

1. Will the ECB start tapering?

On the heels of Brexit, Donald Trump's election as U.S. president, and now Italy's political vacuum, hitting the brakes on the central bank's bond-buying spree would be really bad timing. Markets have already priced in a six- or at least three-month extension to the QE program, and any statements that point in a different direction would make investors really nervous and could prove to be counterproductive.

“Signaling an eventual tapering of asset purchases now would almost certainly trigger an unwarranted tightening of monetary conditions, akin to a ‘taper tantrum,’ that might jeopardize the recovery and force the ECB to do more,” said Frederik Ducrozet, an economist at Pictet Wealth Management.

However, at the current pace, some worry that the ECB could run out of assets to purchase. In an interview with Spanish daily El País published on November 30, Draghi suggested that one solution might be to cut back on the monthly bond buying while extending the deadline for the end of the program.

The only problem is that investors would overwhelmingly see that as a form of tapering. So Draghi might choose to avoid any form of commitment and merely hint at tapering by saying the ECB will continue to assess the situation in the coming months.

2. Will the ECB tweak its bond-buying rules?

If the ECB decides to press on with its QE program perhaps until September 2017, Draghi may announce a change in its strict buying criteria.

The ECB's self-imposed limits on what kinds of bonds to buy make it increasingly complicated to find €80 billion worth of eligible financial instruments each month. Some analysts say the ECB could expand the purchases to other assets such as stocks and bank bonds. But others point out that expanding the pool could be controversial. What's more, this option could be seen as giving the ECB too much control over the markets or allowing it to favor economically weaker nations, like Italy.

3. Will Draghi extend special measures for Italy?

In the run-up to the Italian referendum on December 4, unconfirmed media reports said the ECB stood ready to purchase Italian debt in case of severe volatility in trading of the country's bonds. According to some observers, this helped keep the sell-off of Italian government bonds under control in the immediate aftermath of the No vote (along with the fact that the result had been widely expected).

Draghi will probably avoid commenting on conditions in a single country, but journalists will press him on any plans to save Italy's ailing banking system. And some form of creative asset purchases aimed at kick-starting economic growth in the eurozone would be seen as a major sign of the ECB's willingness to support Italy.

The country's third-largest and the world's oldest lender, Monte dei Paschi di Siena is also waiting for answers from the ECB. Investors would interpret any hints from Draghi that the central bank is willing to extend the deadline for its recapitalization to the end of January as a positive sign that the bank can still save itself with private money.

In hopes of that, Italian bank stocks rallied with Milan's FTSE MIB index becoming Europe's best performer on Tuesday, closing up 4.15 percent -- the highest gain since the Brexit vote -- and continuing the uptick on Wednesday.