The use of instruments devised to that end injected liquidity through a lower primary issue of our notes, the early repurchase of those bills in the secondary market and the full availability of repos (one-, seven- and sixty-day credit lines to commercial banks in need of liquidity), both at fixed and variable rates.
Our scheme is based on what is known as risk management approach applied to the monetary policy in economic theory. It entails not focusing any longer on the short term,  BIS Review 66/2008  1  combining technical tools with the policymaker's judgment, evaluating risks associated to each circumstance without being limited by dogmatic prejudice or betting on excluding scenarios.