中国当前作为基准的一年期贷款利率是6.31%,比预期通胀率约高一个百分点,这被认为是对银行贷款活动一种相对温和的约束。
China's current benchmark one-year lending rate is 6.31%, about one percentage point higher than expected inflation, which is considered a relatively modest constraint to lending.
当前时期,两种不利供给冲击正在推高预期通胀率,只要美联储以通货膨胀为目标,近期就不大可能实行进一步的量化宽松。
But as long as they are targeting inflation it seems unlikely that further easing would occur during a period where two adverse supply shocks are driving up inflation expectations.
但是当前情况下,通胀风险已不复存在,大幅降息并无这方面的障碍,欧洲央行应当采取行动确保通胀率不要降得太低。
But inflation is no longer a barrier to big rate cuts and the bank needs to act to ensure it does not fall too low.
当前的失业率和通胀率(低于美联储的期望水平)“完全不能让人满意”,10月1日纽约联邦储备银行总裁威廉•达德利(William Dudley)如是说。
Current unemployment and inflation, which is below the Fed's preferred levels, are "wholly unsatisfactory", William Dudley, the President of the New York Fed said on October 1st.
摩根大通资产管理公司(JPMorgan Asset Management)称,在此期间,所谓的“损益平衡”通胀率一直保持在当前2.19%的水平附近。
The so-called “break-even” rate for inflation has remained close to its current 2.19 per cent through that period, JPMorgan Asset Management says.
图1:减缓人民币供给增长(2008年末货币供给增加导致中国当前的高通胀率)。
Figure 1: Slowing Chinese money supply growth (the increase in late 2008 led to China's current high inflation rates).
但前提是几乎没有通货膨胀;鉴于当前美国通胀率为3.8%,自1900年以来的平均通胀率是3.1%,投资者购买国债风险就大了。
But that depends on negligible inflation; and given that the current American rate is 3.8% and that the average rate since 1900 has been 3.1%, this is a big risk for investors to take.
摩根大通资产管理公司(JPMorgan Asset Management)称,在此期间,所谓的“损益平衡”通胀率一直保持在当前2.19%的水平附近。
The so-called "break-even" rate for inflation has remained close to its current 2.19 per cent through that period, JPMorgan Asset Management says.
暂且不考虑自然灾害,只看当前中国超过8%的通胀率,以及每年5- 20%的降费幅度,上例中的结果已经是过于乐观了。
Disregarding natural catastrophes, with the current inflation of more than 8%, and premium rates reductions of 5-20% in China, the above example may already be too optimistic.
暂且不考虑自然灾害,只看当前中国超过8%的通胀率,以及每年5- 20%的降费幅度,上例中的结果已经是过于乐观了。
Disregarding natural catastrophes, with the current inflation of more than 8%, and premium rates reductions of 5-20% in China, the above example may already be too optimistic.
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