It was given the admittedly clever name of Libra, alluding to both an anarchistic ideal of liberty and the origins of money in precious metals that were weighed in libra. After a renaming at the end of last year, the project is currently being continued under the name “Diem”. It goes without saying that platform-based services are convenient and potentially more inclusive.
In fact, we have always said that our purchases would run beyond endSeptember 2016 in case we do not see a sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below, but close to, 2% over the medium term. Other instruments could also be activated to strengthen the impact of the purchase programme if necessary.