Research increasingly has shown the benefits of early childhood education and efforts to promote the lifelong acquisition of skills for both individuals and the economy as a whole. The payoffs of early childhood programs can be especially high. 7 For instance, preschool programs for disadvantaged children have been shown to increase high school graduation rates.
Regarding non-standard monetary policy measures, we confirm that our net asset purchases, at the new monthly pace of € billion, are intended to run until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.