The Frankfurt-based bank also said it planned to maintain its bond purchases under its quantitative easing policy at EUR30 billion a month until at least September this year.
While the ECB's 2.55 trillion euro ($3.10 trillion) bond purchase programme, has cut borrowing costs and kick-started growth, although with no inflationary effect, policymakers will need to end the indefinite growth of money.
The bank's 25-member governing council said Thursday that it was holding its benchmark refinancing rate at a historic low of zero, with analysts not expecting the bank to deliver a fresh rate hike until around the middle of 2019.
At a press conference, ECB President Mario Draghi admitted some moderation of the Eurozone economy.
If growth shows signs of slowing that could be a reason to extend the bank's 30 billion euros ($36 billion) in bond purchases.
Lower interest rates and QE are created to pump cash through the financial system and into lending to firms and households - powering economic growth and inflation.
"The Governing Council expects the key European Central Bank interest rates to remain at their present levels for an extended period of time, and well past the horizon of net asset purchases", the European Central Bank said in a statement, repeating its long-standing guidance on interest rates.
Draghi also warned in Washington last week that rising protectionism might already be hurting business and consumer sentiment.
One worry is that protectionist rhetoric from the United States could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for its currency.
A stronger euro would cap inflation, a headache for the ECB as price growth is already set to miss its near 2%target, the central bank's sole policy objective, for years more to come.
Nonetheless, the euro's recent strength has had a relatively limited impact in recent weeks.
Economists have predicted first quarter growth of 0.5 percent, compared to 0.7 percent in the last quarter of 2017.
A ten-mile area south of Husky Energy is being evacuated, and a one-mile radius around Husky Energy is also being evacuated. But she said it's clear people shouldn't be breathing it in and she wonders how it will affect the water and air quality.
One can get the package without having to be present or signing for anything, they'd simply find it in the trunk of their auto . Amazon Key doesn't work because we have a gate, and I find it a little daunting to let unknown delivery people into our house.
The Eagles won.Foles stole the glory from a future Hall of Famer and helped the Eagles win their first-ever Super Bowl. Brady now has two years and $28 million left on his current deal, plus $2 million in roster bonuses.
The woman's daughters are 9, 11 and 13 years old, Houston Police spokesperson Victor Senties confirmed to Newsweek . The woman tripped and fell over and was later detained by a Harris County deputy constable, according to reports .
The request involved about 237 Guard members going to the El Centro and San Diego border sectors with specific missions. In the latest development in an ongoing public and tension-filled scrimmage, President Trump blasted Gov.
Subsequent uses of the Taser allowed the officers to place handcuffs on Garcia as they prepared to remove him from the aircraft. Garcia had boarded a flight from Miami to Chicago on Sunday and touched the passenger without her permission, police said.
There were no casualties, and King Salman was not at his palace at the time, a senior Saudi official told Reuters . Later on, the media outlets confirmed that the gunfire was from a drone being shot down.
Invasion of another church by suspected herdsmen in Benue State has thrown residents of the state into another round of mourning. The failure of the government to stop the killings by herdsmen is the reason they have continued to kill, he said.
Kaizer Chiefs coach Steve Komphela announced his resignation after the incident. "It besmirches the reputation ... the and millions well-mannered who up Kaizer family; brings game football into and, a scale, reflects badly our and country the is across world", said .
Haley Anderson , 22, was a nursing student who was strangled to death at an off-campus residence on March 9, Pix11 News reported . Several people have been interviewed overnight by investigators from multiple agencies, university officials said.
Bayern bidding to halt champions Real in their tracks
Bayern Munich have been revitalised by Jupp Heynckes after a awful start to the season under Carlo Ancelotti. Bayern had players sent off in both matches Javi Martinez in the first leg and Arturo Vidal in the second.
Mets send Harvey to bullpen
Harvey was diagnosed with a partially torn ulnar collateal ligament in his right elbow, shutting him down for the season. The handling of Harvey was rsquo; manager & clearly one of Callaway & rsquo; s first tests whilst the Mets .
Boston Celtics blow great opportunity in Milwaukee
He scored 16 points off the bench, but even more noteworthy, he snagged a couple steals and blocked three shots. After Tatum's long jumper, Brogdon hit a transition 3 from the corner for a 102-100 lead with 33 seconds left.
Mail bomb assassin, 83, becomes oldest inmate put to death in US
Zeigler said Moody's long period on death row also meant taxpayers had to foot the bill for his room, board and medical expenses. Walter Leroy Moody, scheduled to be executed at the William C.is seen in this undated Alabama Department of Corrections photo.
Flyers' Couturier Game-Time Decision After Injury In Practice
In the second, Kris Letang and Sidney Crosby tallied in quick succession, the latter being an milestone for the Penguins captain. Couturier (lower body) won't be in the lineup for Wednesday's Game 4 against the Penguins , Adam Kimelman of NHL.com reports.
No charges to be filed in Prince's death
Prince's death at 57 sparked a national outpouring of grief, as well as a joint county and federal investigation. WCCO's Mary McGuire spoke with one longtime fan before the announcement on charges was made this morning.
Back to Back for Kyle Busch
Jimmie Johnson had by far his best finish of a hard season, finishing third, followed by Ricky Stenhouse Jr . and Alex Bowman . The Joe Gibbs Racing driver and 2015 series champion won his seventh career Cup race at Bristol, most among active drivers.