zirp
n.— «The next Japanese spanner in the works will be the end of zero interest rates, or zirp as it is known. Bank-watchers have pencilled in July or September for the moment of reckoning. Few investors lose sleep worrying about life after zirp, but our guardians at the Bank of International Settlements view it as the greatest imminent risk to global markets.» —“Ignore the world’s biggest central banks at your peril” by Ambrose Evans-Pritchard Telegraph (United Kingdom) May 29, 2006. (source: Double-Tongued Dictionary)
Further reading
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