大部分的货币基数增长都来源于银行储备的成倍增加。

Most of the increase is accounted for by a doubling of bank reserves.

youdao

通胀论者看到的是财政赤字和货币基数，预期严重的通胀和飞升的利率将是明显的前景；

The inflationistas look at budget deficits and monetary base, and see severe inflation and soaring interest rates as the obvious outcome;

youdao

这增加了货币基数[注3](现金和商业银行准备金)，但不一定会增加广泛货币供应量(现金和存款)。

That increases the monetary base (cash and commercial-bank reserves) but not necessarily the broad-money supply (cash and deposits).

youdao

一些人担心，货币基数如此快速增长将引发通胀，目前美国和英国通胀率仍保持在5%以上，而欧元区也达到3.6%。

Some fear that such a rapid expansion of the monetary base will stoke inflation, which is still above 5% in America and Britain and 3.6% in the euro area.

youdao

首先，即使是一个人口基数小（人口处于下降趋势），经济实力薄弱的后苏维埃国家，它不仅生存下来，更是繁荣昌盛。 它的货币实际上同强大的德国马克相挂钩。

First, even a small, poor, post-Soviet state in demographic decline can survive, indeed thrive, in a de-facto currency union with mighty Germany.

youdao

首先，即使是一个人口基数小（人口处于下降趋势），经济实力薄弱的后苏维埃国家，它不仅生存下来，更是繁荣昌盛。 它的货币实际上同强大的德国马克相挂钩。

First, even a small, poor, post-Soviet state in demographic decline can survive, indeed thrive, in a de-facto currency union with mighty Germany.

youdao