NIRP

Level 0 – Common Web

A negative interest rate policy (NIRP) is an unconventional monetary policy tool employed by a central bank whereby nominal target interest rates are set with a negative value, below the theoretical lower bound of zero percent.

LINKS
https://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp#:~:text=A%20negative%20interest%20rate%20policy%20(NIRP)%20is%20an%20unconventional%20monetary,lower%20bound%20of%20zero%20percent.

https://research.gavekal.com/article/nirp-machiavellian-design-or-policy-mistake