Zero lower bound: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Europa webpage https://www.ecb.europa.eu/press/key/date/2015/html/sp150519.en.html) |
imported>Doug Williamson (Expand definition.) |
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In practice, a number of central banks have implemented negative official interest rates. | In practice, a number of central banks have implemented negative official interest rates. | ||
For example, the European Central Bank fixed a negative rate in 2014. | For example, the European Central Bank fixed a negative rate in 2014 for interest on excess reserves. | ||
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* [[Reserve requirements]] | * [[Reserve requirements]] | ||
* [[Unconventional monetary policy]] | * [[Unconventional monetary policy]] | ||
* [[ | * [[ZLB problem]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 14:21, 8 June 2020
Monetary policy - interest rates.
(ZLB).
Zero lower bound is an assumption that interest rates should not be, or cannot be, lower than zero.
In practice, a number of central banks have implemented negative official interest rates.
For example, the European Central Bank fixed a negative rate in 2014 for interest on excess reserves.
