The ECB left its key interest rates and stimulus package unchanged during Christine Lagarde's first policy meeting in charge

With the main refinancing rate remaining at 0 percent and the deposit rate at -0.5 percent. Policymakers said they expect interest rates to remain at their present or lower levels until the inflation outlook converges to their aim.

The bank also cut its growth forecast for 2020, due to weak trade growth, while inflation is seen below the 2% target through at least 2022. Interest Rate in the Euro Area averaged 1.88 percent from 1998 until 2019, reaching an all time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016.