As you may recall, Republicans ran hard against bank bailouts.
您可能还记得,当时共和党强烈反对银行救助。
The central bank fought hard to defend the real which had been introduced in 1994, increasing overnight interest rates to an annual 40% and killing growth.
中央银行竭尽全力挽回。将于1994年推出的货币雷亚尔增加到每年40%的隔夜拆借利率,从而大大地挫伤了经济增长。
But the central bank kept squeezing hard, plunging the economy ever deeper into recession, with unemployment peaking at nearly 11%.
但是央行继续采取紧缩政策,导致更进一步的衰退,失业率一度达到近11%。
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