And asset bubbles can be deflated through limits on some sorts of borrowing rather than just interest-rate hikes.

于是通过限制某些类型的信贷而不是单单提高利率，资产价格泡沫能够被抑制。

youdao

Is there not a real interest rate that would induce lending households to become borrowing households?

难道没有一个可以促使贷款家庭成为借款家庭的实际利率吗？

youdao

Card companies will also tell them how much their borrowing will cost at the higher rate, so they will be able to see the real impact of an interest-rate increase when making their decision.

当他们在作决定的时候，信用卡公司会告知他们透支金额产生的高额利率成本，因此他们能看到利率上升对他们的真正影响。

youdao

But there is a huge difference between borrowing from the Fed at near zero interest rates and borrowing at that rate in the Federal Funds market.

FORBES: The Myth That The Fed Is Printing Money

You need to read the speech for the full explanation, but the basic idea is that higher inflation can help push down the real cost of borrowing - the real interest rate - at times when nominal interest rates can't go any lower.

BBC: On markets and helicopters

Now what is very striking is that the interest rate for borrowing for just a day on this market or for a month is massively greater than borrowing for a year - which is not what you would expect, and was not the case in April.

BBC: Where to find bank stress