Interest rates in the Eurozone economies have been kept on hold at at 1.0% for another month following the European Central Bank’s regular meeting.

The decision was widely expected, however analysts will be watching ECB president Jean-Claude Trichet’s press conference later today to learn more on the basis of the decision and whether the risk of deflation in the euro-zone will impact interest rates in the coming months.

Since October 2008, the ECB has reduced interest rates seven times when rates stood at 4.25%.