Catchword: zirp

Filed under: English, Money & Finance, Acronym

Part of speech: n.

Quotation: The United States is repeating a Japanese experiment with a zero in one of the most important variables in financial markets: the official overnight interest rate. The so-called zirp, an acronym for zero interest-rate policy, is combined with a nearly infinite quantity of government borrowing. The government is expected to try to stimulate the economy, which is well into what looks like a bad recession, with as much as $850 billion of new debt.

Article or document title:
“A Clever Move by Credit Suisse” (URL)

Author:
Rob Cox, Edward Hadas

Article, document, publication, web site:
New York Times

Date of publication:
Dec. 18, 2008

This catchword has yet to be researched.