As official interest rates in various countries approached zero, there was talk that going negative — effectively requiring private lenders to pay to deposit their excess reserves at central banks. (canadianbusiness.com)
Third, market expectations of official interest rates have also been affected. (rba.gov.au)
There are reputable economists who believe the business of raising and lowering official interest rates should be automatic, based on economic conditions and little else. (macleans.ca)