The European Central Bank is overhauling the way it sets monetary policy, saying it will hold fewer meetings and publish minutes on its deliberations — a bid to be more transparent as it vows to keep supporting the economy by any means available.

After the bank decided to keep its interest rates on hold Thursday, President Mario Draghi told a press briefing the ECB remain committed to take more action to the 18-country eurozone grow faster and emerge from a period of dangerously low inflation.