During the last meeting of the Governing Council of the ECB on 3 December "the possibility was assessed of expanding the monthly volume of purchases or, alternatively, of anticipating part of the purchases, so as to strengthen the impact" of the program "in the short term" . This is what we read in the protocol of the meeting released today.
In addition, the option to extend the duration of the program beyond the already proposed six months (as of March 2017) was also mentioned to increase the overall volume of purchases beyond the proposed level.
However, the protocol reads, "a broad consensus emerged that these measures would not be adequate at the moment, while an evaluation could be made later in time".
