Exact(60)
His institutions' remit is monetary policy rather than state spending, but as central banks bring their rates close to zero the fine line is being blurred; the Bank of England, for instance, has just agreed to pump 75 billion pounds ($105.7 billion) into the British economy by buying up mostly government-issued debt.
The first was to slash interest rates close to zero.
With interest rates close to zero, money-market funds cannot offer a decent return.
Many rich economies are stuck at the "zero lower bound", with interest rates close to zero.
Their central banks are being forced to keep interest rates close to zero.
Elsewhere, central banks cut interest rates close to zero before turning to unconventional policies.
With interest rates close to zero, Japan also has few options left in monetary policy.
So with short rates close to zero, real rates will stay negative.
With short-term rates close to zero, the Fed's main tool is expectations management.
Profit from lending has lagged as Japan's central bank kept interest rates close to zero since 2001 to combat deflation.
That has helped bring short-term, wholesale interest rates close to zero and has also weakened the euro.
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