The old view of it was rather mechanical: pull the interest-rate lever up and, via Banks and bond markets, lending and spending would fall; pull it down and they would rise.

老观点相当机械的认为：提高利率水平，借贷和支出将通过银行和债券市场得到削减，反之亦然。

youdao

The old view of it was rather mechanical: pull the interest-rate lever up and, via Banks and bond markets, lending and spending would fall; pull it down and they would rise.

老观点相当机械的认为：提高利率水平，借贷和支出将通过银行和债券市场得到削减，反之亦然。

youdao