That said, there could be instances where it may be appropriate to conduct monetary easing aimed at achieving 2 percent at a pace slower than about two years – provided that the pace of inflation is judged to be creating an excessive burden on households and firms.
At the time money market investors were not able to access liquidity from their investments in financial instruments before maturity. With the licensing of Continental Discount House then, now CDHIB, a platform was created for a secondary market in financial instruments to develop.