From ACT Wiki
Central banks - monetary policy - interest rates - policy rates.
Abbreviation for 'neutral interest rate'.
- The economic impacts of Covid-19 to date
- "With a lower neutral rate, the likelihood that the economy gets stuck in a low inflation rut is higher and hence the case to respond strongly to downside risks is correspondingly greater."
- Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.