The ECB on Jan. 19 maintained its benchmark interest rates and kept its quantitative easing program unchanged.

The rate on the ECB's deposit facility remains at negative 0.4%, while those on the main refinancing operations and marginal lending facility stay at zero percent and 0.25%, respectively.

The ECB also stuck by its plan to scale down its asset purchase program beginning in April, saying it would buy €80 billion a month of assets through March and then €60 billion a month through at least the end of 2017.