This is ridiculous.  It illustrates that most central banks’ primary mission has become asset price inflation (primarily the stock market) more than anything else.  Pension funds, retirement savings, the top 1%’s majority of assets, and so on are all in the market so governments of the world have decided that the market shouldn’t go down, at least not very much.<p>So we are stuck at zero percent interest rates going negative.  Give out the money to keep the party going.  Any hiccup in the markets and banks cut rates.  Our economies will continue to struggle with malinvestments until interest rates are in a more reasonable long-term range and all the zombie businesses can die and free up resources for stronger players.  Amazing how supposed proponents of ‘free markets’ try to micromanage entire economies.