The European Central Bank has left interest rates at their record low of 0.0 percent, after their monthly meeting on Thursday.

ECB chief Mario Draghi is set to hold a press conference later this afternoon, where more clues will be given as to the future of the bank’s stimulus policies.

The bank is currently buying 60 billion euros of bonds a month as part of its quantitative easing programme, which Draghi confirmed last month would continue “for some time”.

According to today’s announcement, Eurozone banks will still be charged 0.4 percent to leave money at the ECB instead of lending it, and banks will be charged 0.25 percent on money borrowed from the ECB.

The bank’s quantitive easing and low interest rates were designed to fend off deflation. Inflation stood at 1.3 percent in June, higher than expected but still below the bank’s target of 2 percent.