ZIRP-ishness Around the World

A quick-and-dirty chart of ZIRP-ishness — the degree to which countries’ nominal interest rates are approaching zero — around the world. Note: That the whiter the country the more ZIRP-ish it is, while the more orange you are the further that country’s rate is from zero. Finally, gray means no rate data currently in the dataset.

zirp

It is interesting how, for the most part, ZIRP neatly breaks down into the BRIC/emerging markets versus the rest of the world.