But, investors will be waiting to see whether President Mario Draghi gives any clues away as to the future of the institution's asset purchasing program, with speculation mounting that the European Central Bank will prolong the massive scheme created to stimulate the region's economy by buying bonds.
The economy in the 19 countries that use the euro currency turned in strong growth of 2.5 percent a year ago, the best in a decade.
"Risks related to global factors, including the threat of increased protectionism, have become more prominent", Draghi told a news conference after the ECB's governing council left interest rate benchmarks and stimulus settings unchanged.
This suggests that the euro zone's economic downturn was more severe than earlier thought and makes the recovery even more protracted.
Draghi dismissed the slow-down as of little outcome to the broader themes of regional growth and convergence with more normal levels of inflation in the medium-term - at or just below the ECB's target of 2.0%.
In the press conference Mario Draghi announced the governing council's message was for "caution tempered by an unchanged confidence that inflation will converge to our inflation target over the medium-term but that confidence is conditional on an accommodative monetary policy framework being in place".
As expected, ECB governors made no changes to the bank's easy money policies, opting to keep interest rates at historic lows and continue buying 30 billion euros ($36.5 billion) of government and corporate bonds per month under the "quantitative easing" (QE) stimulus programme.
A key worry is that protectionist rhetoric from the USA could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for the U.S. currency.
The main refi rate is now at a record low zero percent and the deposit rate at -0.40 percent. Some, however, have started to flag risks of a delay.
One worry is that protectionist rhetoric from the United States could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for its currency.
The impact of the euro's strength has been limited so far, however.
But the ECB has long fallen short of its central price stability objective of inflation just below 2.0 percent.
A stronger euro would cap inflation, but would affect growth and exports. The U.S. economy has moved ahead faster and the Fed's benchmark rate is now 1.5 percent, compared to zero for the European Central Bank.