zirp
n.— «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.» —“A Clever Move by Credit Suisse” by Rob Cox, Edward Hadas New York Times Dec. 18, 2008. (source: Double-Tongued Dictionary)
Further reading
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