About 10 minutes before the ECB "monetary.......>

ECB: About 10 minutes before the ECB "monetary policy decision". It is usual for

the non-standard measures to be contained in this document as well as the usual

interest rate announcement.

- Below is what the September "monetary policy decision" contained regarding the

non standard measures:

- "Regarding non-standard monetary policy measures, the Governing Council

confirms that the net asset purchases, at the current monthly pace of E60

billion, are intended to run until the end of December 2017, or beyond, if

necessary, and in any case until the Governing Council sees a sustained

adjustment in the path of inflation consistent with its inflation aim. The net

purchases are made alongside reinvestments of the principal payments from

maturing securities purchased under the asset purchase programme. If the outlook

becomes less favourable, or if financial conditions become inconsistent with

further progress towards a sustained adjustment in the path of inflation, the

Governing Council stands ready to increase the programme in terms of size and/or

duration."