But, he pointed out, interest rates are constrained by the zero lower bound.

但是，他指出利率被零下线制约。

youdao

Finally, central Banks can try to circumvent the zero lower bound by buying long-term debt.

最后，央行可以试着通过购买长期债来绕过不能低于零利率的约束。

youdao

Ah: in this post on interest rates and inflation, I neglected to point out that right now we're not on the Taylor rule line, because of the zero lower bound.

呃：在《利率和通货膨胀》这篇文章里，我忘了指出，因为零下限，所以我们现在并不在泰勒规则线上。

youdao

High levels of homeownership are also going to mean implicitly stronger support for macro-stabilization, at least away from the zero lower bound.

FORBES: The Surprising Thing Is That Homeownership Isn��t More Economically Destructive

And it also avoids the nasty problem of the zero lower bound.

FORBES: Federal Reserve Takes Another Step Toward Rule-Based Monetary Policy

The instrument is implemented in the UK and US, where the central banks consider that there are risks of deflation and where the policy rate is constrained by the zero lower bound.

FORBES: Don't Rule Out Quantitative Easing: Top ECB Official