This involves committing to holding rates low for 7 In rare cases, we could also use credit easing, yield curve control, funding for lending, and  negative interest rates to provide additional stimulus if needed.
See P. Beaudry, “Our Quantitative Easing Operations: Looking Under the Hood” (speech to the Greater Moncton Chamber of Commerce, Fredericton Chamber of Commerce and Saint John Region Chamber of Commerce, delivered virtually, December 10, 2020). -7longer to instill greater confidence in the economic recovery. This can be done on its own or in combination with quantitative easing.