The effect of lower interest rates takes months to work through an economy-especially when the housing market is in such a slump.

减息对经济产生的作用在几个月后才能体现出来，特别是在房地产市场如此低迷的情况下。

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The plan of rewriting world record then emerges as the time requires under the effect of interest chain constructed by lower land value, needs of enterprises and abundant capital support.

在土地价格、企业需求和资金支撑三个因素所构成的利益链的作用下，可以刷新世界纪录的摩天大楼计划，就应运而生了。

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Several studies show that the expansionary effect of lower interest rates has often outweighed the contractionary effect of lower government spending.

ECONOMIST: Tightening economic policy

The Fed talks about the stimulative effect of lower interest rates created by their purchases, but there is apparently no mention that higher inflation, when it occurs, would increase interest rates.

FORBES: A Respite For Deflation

These higher yields equate to lower bond prices which, in effect, wipe out years of interest, considering there is an inverse relationship between price and yield.

FORBES: Quantum Physics And The Economy - How the Bond Market 'Bubble' Affects the Overall Global Economy