Funding for credit A third unconventional monetary policy tool that has been developed since 2009 is called funding for credit. The idea is to make sure that economically important sectors continue to have access to funding even when the supply of credit is impaired.
In this case, the central bank would provide collateralized funding at a subsidized rate as long as banks met specified lending objectives. The Bank of England and the U.K. Treasury set up such a program in 2012.