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ZIRP

ZIRP (Zero Interest Rate Policy) is a method of stimulating growth while keeping interest rates close to zero. Under this policy, the governing central bank can no longer reduce interest rates, rendering conventional monetary policy ineffective. As a result, unconventional monetary policy such as quantitative easing is used to increase the monetary base.


Read more: ZIRP Definition | Investopedia https://www.investopedia.com/articles/investing/031815/what-zero-interestrate-policy-zirp.asp


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