ZIRP: Difference between revisions
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imported>Doug Williamson (Change 'they' to 'it', to align with NIRP page.) |
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Abbreviation for zero interest rate policy. | Abbreviation for zero interest rate policy. | ||
ZIRP is a policy of a central bank to keep (short-term) interest rates in the economy as low as | ZIRP is a policy of a central bank to keep (short-term) interest rates in the economy as low as it may. It effects this by reducing its own interest charges for borrowings by financial institutions or its payments of interest on deposits taken from those instructions to 0% nominal rate. | ||
==See also== | ==See also== | ||
* [[NIRP]] | * [[NIRP]] | ||
Revision as of 09:32, 18 October 2014
Abbreviation for zero interest rate policy.
ZIRP is a policy of a central bank to keep (short-term) interest rates in the economy as low as it may. It effects this by reducing its own interest charges for borrowings by financial institutions or its payments of interest on deposits taken from those instructions to 0% nominal rate.
