These aim to signal 3/5  BIS central bankers' speeches  our growing confidence in the euro area economy, while also acknowledging that we must be patient and persistent for inflation to return sustainably to our objective.
We decided to reduce the pace of our monthly asset purchases from € billion to € billion, while extending the horizon of those purchases until end of September 2018, or beyond, if necessary, and in any case until we see a sustained adjustment in the path of inflation.