And inflationary expectations are not properly anchored, increasing the risk of a wage-price spiral.

通胀预期不完全稳固，增加了薪金——价格螺旋式上涨风险。

youdao

Furthermore, this inflation would be pre-announced: no-one would have been tricked, and inflationary expectations would remain anchored to the inflationary target.

更何况，这次的通胀或许是在计划之中的：没有人会觉得被蒙骗了，而且通胀的期望值会被控制在目标以内。

youdao

Such a loss of confidence might then undermine inflationary expectations and raise long-term interest rates.

人们丧失对英镑的信心，可能削弱通胀预期，并推高长期利率。

youdao

This too would have an immediate impact on interest rates and inflationary expectations.

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Now when a bank prints money to do this, I think the yen will go down and inflationary expectations will go up.

CNN: ASIANOW - Asiaweek

And, of course, there is one big way that QE can harm the economy: by reducing the value of the dollar, thus increasing both inflation and inflationary expectations.

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