These thresholds are intended to make monetary policy more transparent and predictable to the public by making more explicit our intention to maintain policy accommodation as long as needed to promote a stronger recovery in the context of price stability.
At that point, when companies have had a chance to trade and traditional nancial signals become more meaningful, it will be imperative that our systems function smoothly so that restructuring of viable businesses can occur, and they can contribute to employment and growth of the economy. At that stage, unfortunately it will also be evident that some rms will not survive.