ECB's monthly asset purchase program to be implemented till Sept 2016

There was also wide agreement for stressing that the monthly asset purchases of €60bn would be fully implemented until the end of September 2016, and beyond if necessary. 

In any case, until a sustained adjustment in the path of inflation, consistent with the Governing Council's aim of achieving inflation rates below, but close to, 2% over the medium term, was visible. 

Regarding non-standard monetary policy measures, the Governing Council decided to increase the issue share limit from the initial 25% to 33%, subject to a case-by-case verification that this would not give the Eurosystem blocking minority power, in which case the issue share limit would remain 25%. 

In some cases, the Eurosystem could not buy more than 25% of the issue, but these represented a small share of the overall outstanding amount of the PSPP-eligible universe, notes Barclays.