ZIRP: Difference between revisions
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imported>Doug Williamson (Change 'they' to 'it', to align with NIRP page.) |
imported>Doug Williamson (Updated entry: Added one line space before see also and two internal links) |
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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. | 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== | ||
* [[Interest rate]] | |||
* [[Nominal rate]] | |||
* [[NIRP]] | * [[NIRP]] | ||
Revision as of 09:44, 17 January 2015
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.
