The bank said it expected to stick with the 0% rate "for an extended period of time", but its statement has now removed a suggestion that the rate could fall into negative territory - a prospect that few had thought would ever really happen.
The bank left its bond purchase stimulus program unchanged at 60 billion euros ($67 billion) per month through at least the end of the year and longer if necessary.
The statement that inflation remains weak supports the central bank's reluctance to announce an end to its bond-buying stimulus program or to raise interest rates from record lows.
Coming up tomorrow, in China, there's Consumer prices where expectations for May are a drop of 0.2% MoM, but the year on year inflation is still running positive at around 1.5%.
Rodman begins sightseeing on NKorea trip he hopes opens door
A hospital spokeswoman said Warmbier's family was expected to hold a news conference Thursday morning at Wyoming High School. US officials last had consular access to Warmbier on March 2, 2016, through the Swedish Embassy in Pyongyang, Nauert said.
"We remove the interest rate bias because the tail risk on future path of inflation had disappeared", Draghi said.
Despite this, the ECB President, Mario Draghi said at his press conference that "deflation risks have definitely gone away".
The downgrade mainly reflected lower oil prices, Draghi said.
Its previous estimates put price growth at 1.4 percent this year, 1.7 percent the next and 1.9 percent in 2019.
Manchester United make Sweden defender Victor Lindelof first summer signing
In an interview with MUTV, Lindelof said: "Of course there are some great players here in my position". Real Madrid striker Alvaro Morata is one name linked with a move to Old Trafford.
Mr Draghi said the recovery was due to a pick-up in investment and corporate profitability, gains in employment and the global recovery supporting trade and euro area exports.
The ECB's bond-buying programme at a rate of €60bn a month is particularly significant in maintaining monetary stability in view of political volatility in Italy, not to mention an ailing banking system overloaded with non-performing loans and regional banks.
The forecasts remain well below the central bank's inflation target of below but close to 2%, however, they were widely expected following a leak on Wednesday which preempted the plans. Right now inflation is at 1.4 percent in the year through May. "The pass-through of our monetary policy has never been so effective as it is today".
"If you ask me what I expect, I'd say based on the current assessment, the current information, I don't expect lower interest rates".
The euro, which weakened on Wednesday on reports that the European Central Bank would cut its inflation forecasts, was down 0.4 percent to $1.121, after dipping to $1.1196, its lowest since May 31.
Lions need defensive leaders, says coach Andy Farrell ahead of Highlanders Test
The win was also an endorsement of Gatland's selection which saw the first outing on tour for a lineup of near test-strength. Stuart Hogg faces a fitness battle after failing a Head Injury Assessment (HIA), in a clash unwittingly caused by Murray.
An unexpected upwards revision to the first quarter Eurozone gross domestic product also failed to boost demand for the Euro, given the ECB's persistent focus on inflation over other growth indicators.