As decided by the ECB Governing Council, the Eurosystem will reinvest the proceeds from maturing bonds “for an extended period of time and, in any case, for as long as necessary”. This keeps the level of excess liquidity high.
BIS central bankers’ speeches  1  These data suggest that there is much that needs to be done. It is not just growth but the quality and inclusiveness of such growth that will allow our financial consumers to better prepare for their future.