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Zero Interest Rate Policy

Zero interest rate policy (ZIRP) is a monetary policy in which a central bank sets the benchmark interest rate at or near zero in order to stimulate borrowing and spending and stimulate economic growth. ZIRP is used when traditional monetary policy tools, such as lowering interest rates, are no longer effective in achieving a central bank's economic objectives. Continue Reading Below  

About Zero Interest Rate Policy

Zero interest rate policy (ZIRP) is a monetary policy in which a central bank sets the benchmark interest rate at or near zero in order to stimulate borrowing and spending and stimulate economic growth. ZIRP is used when traditional monetary policy tools, such as lowering interest rates, are no longer effective in achieving a central bank's economic objectives.
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