ZIRP

ZIRP stands for Zero Interest Rate Policy. It's when a central bank or government sets the interest rate at zero, meaning it costs nothing for people to borrow money. This is usually done during a recession (when the economy isn't doing well) to encourage people to buy things, hire people, and grow the economy. By charging nothing for people to borrow money, it makes it easier for them to start businesses and buy things, which helps the economy to grow.