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| Abbreviation for Negative interest rate policy.
| | The party to which a cheque is made payable. |
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| NIRP is a policy of a central bank to keep (short-term) interest rates in the economy as low as it may. The central bank effects this by reducing its own interest charges for borrowings by financial institutions or its payments of interest on deposits taken from those institutions not merely to a 0% nominal rate but to some actually negative nominal rate.
| | == See also == |
| | * [[Cheque]] |
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| Note that the [[real interest rate]] in the economy may be negative or positive irrespective of the nominal rate being negative, it being the difference between rate of inflation in the economy and interest rates paid or received.
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| ==See also==
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| * [[ZIRP]]
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Revision as of 14:20, 23 October 2012
The party to which a cheque is made payable.
See also
