ECB, abandoning tradition, commits to record low rates | Reuters

The Governing Council expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi told a news conference after the ECB left interest rates at 0.5 percent, calling it a "very significant step"."50 basis points is not the lower bound," he said.Draghi did not say exactly how long ECB rates would stay at record lows. "It's not six months, it's not 12 months. It's an extended period of time

http://www.reuters.com/article/2013/07/04/us-ecb-rates-idUSBRE9630D020130704