Following the ECB's decision to keep rates unchanged, they released the following key commentary:

• Inflation will remain above 2%.
• Crucial to avoid second round effects.
• Inflation risks remain to the upside.
• Weaker GDP growth expected.
• ECB will preserve purchasing power in mid-term.
• Global growth will support demand for exports.
• Uncertainty around economic outlook high, due to volatile commodity prices.
• Downside risks to growth prevail.