No.
Interest rates should be 3% above inflation.
And the Inflation Target should be Zer0.
“And the Inflation Target should be Zer0.”
Never happen, that’s crazy. That’s a recipe for a no-growth economy in recession more than not.
The target rate will always be at least 2%.
In a debt-based monetary system, going to zero runs a very real risk of a deflationary cycle, which can sometimes feed on itself.