LAYING LOW: The European Central Bank kept its key interest rate at a record low of 1 percent on Thursday as it waits to see if the 17-nation eurozone needs more help to stave off recession.

THE BACKDROP: Many economists think the eurozone economy shrank in the fourth quarter and is going through a period of weakness, with the main question being how deep will the downturn be and how quickly things will pick up again.

WILD CARD: ECB President Mario Draghi dodged questions about whether the bank could help Greece lighten its debt load by getting involved in a bond write-down deal being negotiated with creditors.