Overall, our asset purchases will amount to € billion per month. The pace of purchases so far puts the overall program on track to reach a total of € billion in March. At this point in time we see no signs that there will not be enough bonds for us to purchase.
Feedback from market participants so far suggests that implementation has been very smooth and that market liquidity remains ample. Our interventions have accelerated a trend that had been evident since some time. A steady process of re-integration across financial markets and jurisdictions had been under way since the summer of 2012.