The million-dollar question is whether the slowdown is enough to quell the inflationary pressure or whether you need more rate rises.

关键问题是，经济放缓是否足以压制通胀压力，或是否需要进一步升息。

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Since the bank's monetary-policy committee met in July, when it voted unanimously to keep the base rate at 4.5%, inflationary pressures have intensified.

因为该银行的货币政策委员会曾于7月召开会议，一致通过将基本利率保持在4.5％，自此，又增强了通货膨胀的压力。

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Against inflationary pressures of this sort, the 6.08 per cent Chinese policy lending rate looks inadequate.

在这种通胀压力的背景下，目前6.08%的中国政策贷款利率看上去不够高。

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Negative real interest rates occur when the inflationary rate, or CPI, is greater than the current interest rate.

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The inflationary concerns of rate cuts make the Fed unlikely to cut further.

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Remaining consistent with this principle, Brian argues that when the Fed Funds rate (the rate set by the Fed) is lower than the nominal growth rate, the Fed is inflationary, and when the Fed Funds rate is higher than the nominal rate, the Fed is deflationary.

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