Zero interest-rate policy
(重定向自ZIRP)
Zero interest-rate policy (ZIRP) is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and December 2008 through December 2015 in the United States. ZIRP is considered to be an instrument of the unconventional monetary policy and can be associated with slow economic growth, deflation, and deleverage.