这7%包括4.5%的最低普通股本标准，加上2.5%的反经济周期缓冲。

That includes a minimum common-equity standard of 4.5% plus a countercyclical buffer of another 2.5%.

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我国近几年来财政政策的推行实际上都遵循了相机抉择的反经济周期的宏观经济管理思想。

China's current fiscal policy is in essence implemented in terms of discretion, which is a macro-economic management thought of anti-economic cycle.

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商学院和经济学家说，研究生入学人数是反经济周期的，也就是说，它与经济景气程度背道而驰。

Graduate admissions are countercyclical — meaning that they move in the opposite direction of the economic cycle, business schools and economists say.

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