The interest-rate cuts are an important start.
各国纷纷降息是一个重要的开端。
The City is expecting more rate cuts in the near future.
金融城预期在不久的将来还会多次削减利率。
If so, rate cuts are unlikely before 2009, if at all.
如果这样的话，在09年之前降息不太可能，即使降息也不会将很多。
But it would be a mistake to expect too much from rate cuts.
但是，对降息期待过高也是错误的。
The rally has once more been driven by interest-rate cuts.
降低利率又一次促成了这样的集合。
Therefore, it is not that China has entered a cycle of rate cuts.
因此，这并不是说中国已经进入降息周期。
There is an expectation of rate cuts currently being built into the market.
市场目前正在形成降息预期。
Falling energy and food prices will push inflation lower, and so allow further rate cuts.
能源价格和食品价格的下降使得通胀有所缓解，这样利率有了进一步下降的空间。
But Mr. Wu said a round of interest rate cuts had made mortgages increasingly attractive.
不过，吴先生说，几轮降息已让抵押贷款变得越来越有吸引力。
However, aggressive cuts in the policy rate are not anticipated.
不过，央行还没有考虑激进地降低政策利率。
But he said the cuts were necessary to lower the company's burn rate.
但他表示，裁员是必要的，以降低公司的燃烧率。
The falling crime rate has come alongside big recent cuts in police budgets.
犯罪率的下降与近期警察预算的大幅减少有关。
March 16: Fed cuts discount rate and announces Primary Dealer Credit Facility (PDCF).
3月16日：美联储降低贴现率和经销商宣布初级信用基金(PDCF)。
March 16: Fed cuts discount rate and announces Primary Dealer Credit Facility (PDCF).
3月16日：美联储降低贴现率和经销商宣布初级信用基金(PDCF)。
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