that gain acceptance from public over a period of time after customers have transcended barriers of reticence, resistance and technology.
With little or no room for further interest rate reductions, the central banks in developed countries turned their attention to highly unconventional measures, previously regarded as inconsistent with the inflation targeting paradigm. The objective of these measures was to maintain financial liquidity and stability. However, the move towards longer-term maturities was also designed to flatten the yield curve and stimulate real investment.