Here comes the ECB ...

The European Central Bank is set to release its latest rate decision at 7:45 a.m. ET.

Expectations are for the ECB to keep interest rates unchanged, with the central bank maintaining a -0.2% deposit rate, a 0.05% main refinancing rate, and a 0.3% marginal lending facility rate.

The main focus will be what ECB president Mario Draghi has to say in his press conference, though markets do not expect he will announce any plans for the ECB to change its current quantitative easing program.

Currently the ECB is buying €60 billion worth of bonds each month and plans to do so through September 2016.

We'll be back with the ECB's rate decision when it crosses and have full coverage of Draghi's press conference when he takes the mic.