在全球没有涨价压力而工资物价螺旋上升也不太可能出现的情况下，今年通货膨胀仍会受到抑制。
Inflation is likely to remain contained this year by the absence of price pressures globally while a wage-price spiral is not likely.
并且，因为不存在工资-物价的螺旋上升，我们就不需要提高利率来控制通货膨胀。
And since there isn't a wage-price spiral, we don't need higher interest rates to get inflation under control.
但是正如我说的，这次我们没有看到工资-物价的螺旋上升。
But as I said, this time around there's no wage-price spiral in sight.
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