Large Scale Asset Purchases Large-scale asset purchases, especially purchases of sovereign bonds since early 2015, have been one of our most salient non-standard measures in the euro area.
The Eurosystem has already purchased more than 2 trillion euros of public and private assets and we intend to purchase assets at a monthly pace of 60 billion euros until December 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with our inflation aim.