The rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain at 0.00%, 0.25% and minus 0.40%, respectively.
Draghi's typically cautiousness post-meeting address seemed to upset the Euro, specifically his claim that the central bank "didn't discuss monetary policy per se", to instead focus on the topic of the Eurozone's recovery and how "broadly all countries experienced. some moderation in growth or some loss of momentum" in the last month.
Speaking at a press conference, the bank's head Mario Draghi said: "We continue to expect them to remain at their present levels for an extended period of time, and well past the horizon of our net asset purchases".
"This moderation may in part reflect a pull-back from the high pace of growth observed at the end of past year, while temporary factors may also be at work", he said.
"Overall, growth is expected to remain solid and broad-based", he said, adding that inflation should average 1.5% this year.
"Risks relating to global factors, including the risks of protectionism, have become more prominent", Draghi told journalists at a Frankfurt press conference.
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- In the U.S., economic data releases have continued to be strong overall and the tax cuts along with other potential fiscal stimulus measures are likely to provide further support for economic growth this year.
Early hints a slowdown could be coming for the single currency's 19-member nations after a year of unexpectedly muscular growth also stayed policymakers' hands.
With the euro zone economy expanding for 20 straight quarters and millions of new jobs created, the main debate among policymakers is about how quickly to withdraw stimulus and preserve European Central Bank firepower for the next downturn.
The main refi rate is now at a record low zero percent and the deposit rate at -0.40 percent.
"What is certainly known is that these events have a profound and rapid effect on confidence, on business confidence, on exporters' confidence, generally speaking, and confidence can in turn affect the growth outlook". It retained the -0.5% repo rate and pushed out its assessment of when this may rise towards the end of the year. The U.S. economy has moved ahead faster and the Fed's benchmark rate is now 1.5 percent, compared to zero for the European Central Bank.
Nonetheless, the euro's recent strength has had a relatively limited impact in recent weeks. Although Draghi had an air of confidence, he stated that policymakers remained "cautious" regarding the fluctuating data from the first part of the year.