FRANKFURT (AFP) - The European Central Bank held its key interest rate steady at 1.0 percent on Thursday while markets focused on pending changes to the banks unconventional loan policies and the Greek debt crisis. The ECBs benchmark lending rate is tipped to remain at its present record low level possibly into 2011, owing to a wobbly economic recovery and financing issues for eurozone companies and even some capitals. In London, the Bank of England (BoE) kept its main interest rate unchanged at a record low of 0.50 percent, meanwhile. Analysts will concentrate on ECBs exit strategies from exceptional loan conditions when ECB president Jean-Claude Trichet gives a press conference following the decision. Trichet will also unveil fresh forecasts for eurozone growth and inflation compiled by ECB staff. The key issue to watch will be the promised announcements on the exit strategy from the present liberal liquidity provisions, Goldman Sachs analyst Erik Nielsen said. The ECB has begun to reel in unlimited loans to commercial banks as it seeks to normalise monetary policy, but must mind the weak economy and take care not to spook markets. Tensions surrounding Greece and the banks in general are likely to inject some concern that a too fast exit could be dangerous, Nielsen said. Economists say some banks in Greece and elsewhere may have become dependent on central bank funds available at the banks ultra-low rate of one percent. But Trichet has already warned that borrowing terms will be tightened, and was likely to provide details at the press briefing. The length and frequency of the loans will probably be scaled back slowly and loan rates could be adjusted higher. The ECB seems to be moving faster than the US Federal Reserve and BoE in unwinding exceptional measures decided in late 2008 to keep the financial system from collapsing. Meanwhile, Trichet will also present the latest forecasts for eurozone growth and inflation, though UniCredit analysts said: We dont expect major changes in the updated GDP/CPI. In December, the bank forecast 0.8-percent growth this year along with inflation of 1.3pc. Fourth quarter 2009 growth was a slim 0.1 percent from the previous three-month period, the data agency Eurostat said Thursday. The other major topic of course is Greece, which unveiled on Wednesday a pensions freeze, spending cuts and tax increases to slash 4.8 billion euros (6.5 billion dollars) from its public budget to persuade EU peers and markets it can dodge bankruptcy. The German daily Die Welt quoted ECB chief economist Juergen Stark as saying that the Greeks are taking a huge step which goes significantly further than what has been asked of them. Stark added: We are very confident that the Greek government will stick to its budgetary targets. Greek Prime Minister George Papandreou is to visit Berlin Friday, though widely-expected German and European Union aid for Athens is, officially, not on the agenda. Greeces public deficit of 12.7 percent of output is more than four times the accepted eurozone limit and its debt of around 113 billion euros is almost double. Investors are also scrutinising deficits and debt in Italy, Portugal and Spain, feeding speculation about the credibility of eurozone criteria and pushing the euro lower on foreign exchange markets over recent weeks. The single currency traded for 1.3657 dollars in London on Thursday. Finally, Trichet will be asked about reports that eurozone countries want the ECB to create its own country rating unit to break a dominance by agencies like Fitch, Moodys and Standard & Poors.