Nevertheless, something good came about from this: the companies ensured that banks became even more customer oriented, and now banks’ P2P services are being used intensively. The current consolidation period is part of the process of the market maturing. This “coming of age” of the market is evident when looking at investments and the way in which they are made.
Tightening monetary policy too early could plunge the economy back into recession. Moving too late could let inflation take off and require more tightening to get it back under control. It could also result in bigger financial imbalances which, later on, if they unwind, could throw inflation into another downdraft.