The zero lower bound for interest rates is the target that the Bank of Canada sets for the minimum interest rate.

Name: The zero lower bound for interest rates is the target that the Bank of Canada sets for the minimum interest rate.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

The zero lower bound refers to the situation where interest rates are at or near 0%, limiting the central bank's ability to lower them further to stimulate the economy, not a target set by the Bank of Canada.

The Zero Lower Bound for Interest Rates Is the Target