The aim of this process was thus to generate positive economic momentum, acting, for example, to push up asset prices. So far, however, the effect has not been widely observed. It might also be fair to touch upon the issue of the decline in the functioning of financial markets, especially the money market, since the introduction of the quantitative easing framework.
With zero interest rates, money market participants have been less willing to invest their funds in the market, because returns from such transactions have not been sufficient to cover their trading costs.