Even before the purchase programme 2  BIS central bankers’ speeches  commenced, long-term yields on the bond market in the euro area had already reached an extremely low level. However, experience in the United States shows that the higher the level of the relevant yields, the stronger the impact of government bond purchases.
* * * “What we don’t want and what we’re not aiming for, never, not even centuries from now, is political emancipation and equality for women.” Of course, these aren’t my words. They were written in 1866 by Adolf Lette, a politician.