[8] Finally, we dropped the date-based leg of our forward guidance since the strengthened state-contingent information, which links our policy more tightly to the inflation outlook, provides sufficient guidance to markets on the future path of monetary policy. We also decided to restart net asset purchases at a monthly pace of € billion as from the beginning of November.
Our purchases are expected to run for as long as necessary to reinforce the accommodative impact of our policy rates, and to end shortly before we start raising the key ECB interest rates.