在很多调整平衡的情况下，低估的汇率还会导致货币供应过度增长，增加平抑通货膨胀的难度。

In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.

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另外，如果央行干预抑制通货，储蓄的建立会导致货币状况的过度宽松，增加通货膨胀。

On the other hand, if central Banks intervene to hold down their currencies, the build-up of reserves can lead to excessively loose monetary conditions and rising inflation.

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经济过热的第四个症状，同样是最重要的症状是信贷过度膨胀，它可以导致资产泡沫和通货膨胀。

The fourth symptom of overheating, and one of the most important, is excessive credit expansion, which can lead to asset bubbles as well as inflation.

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