The European Central Bank (ECB) on Thursday decided to keep interest rates stable, reiterating its stance on holding historically low rates until eurozone inflation reaches a 2% target. 

Interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50%, respectively, according to a statement by the ECB’s Governing Council. 

On Nov. 1, net purchases were restarted under the Governing Council’s asset purchase program at a monthly pace of €20 billion ($22.2 billion), it said.

“The Governing Council expects them to run for as long as necessary to reinforce the accommodative impact

Read more: European Central Bank holds key interest rates stable