ECB Keeps Rates Unchanged as Growth Risks Diminish

The ECB has decided to maintain the current interest rates, expecting them to stay at present or lower levels for an extended period. The net asset purchases will continue at a monthly pace of €60 billion until at least December 2017, or longer if needed, to ensure inflation aligns with the ECB's target. These measures aim to maintain favorable financing conditions and support the euro area's economic recovery, which is showing signs of strengthening with reduced downside risks.

How do the monetary policy measures aim to affect inflation rates?

What recent data confirms the state of the euro area economy?