The European Central Bank has announced it is keeping interest rates the same at zero per cent.
The 80 billion euro per month government bond buying program from the ECB will be continued until the planned end date of March 2017 - but can be extended if necessary.
The euro currency hit a two week high off the back of the announcement.
Growth in the eurozone only increased by 0.3 per cent in the second quarter of 2016 - down for 0.5 per cent in the first quarter.
European Central Bank president Mario Draghi has continued to call on the national governments in the Eurozone to increase the pace of their reforms if there is to be growth.
IN: "The economic recovery..."
OUT: "...downside."
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