charting unprecedented paths into negative-interest-rate territory

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ironman2012

Senior Member
Chinese
Hi,

Meanwhile, Europe and Japan are charting unprecedented paths into negative-interest-rate territory in a bid to revive anemic output, policies that depreciate their currencies.

(This comes from my English study book and I don't find its origin.)

Does the blue part just mean "planning unprecedentedly (to formulate) policies of negative-interest-rate"?

Thanks in advance!
 
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