European Central Bank keeps interest rates at 0.25%

The European Central Bank has kept its benchmark interest rate at its record low of 0.25%.

Eurozone interest rates have remained unchanged since November 2013, when the bank said it expected "a prolonged period of low inflation".

In January, eurozone inflation slowed to 0.7% from 0.8% in December, prompting worries of deflation.

However, the ECB has been confident that eurozone economies are recovering from recession.