Zero Interest-Rate Policy

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A Zero Interest-Rate Policy is a Macroeconomic policy that proposes zero interest rates.



References

2016


  • (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Interest_rate#Zero_interest_rate_policy Retrieved:2016-10-17.
    • A so-called "zero interest rate policy" (ZIRP) is a very low—near-zero—central bank target interest rate. At this zero lower bound the central bank faces difficulties with conventional monetary policy, because it is generally believed that market interest rates cannot realistically be pushed down into negative territory.