As global markets continue to see-saw on the verge of another recession, central banks across the world face a difficult balancing act of monetary policy.

随着全球市场继续在另一场萧条的边缘摇摆不定，全球各国央行都面临着艰难的货币政策平衡行动。

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The PBoC's action also adds to the trend of central banks across the world easing monetary policy to fight off a growing threat of deflation–a trend that goes in the opposite direction to the U.

中国人民银行的这一举措与全球范围内央行放松银根的趋势不谋而合，旨在抵御日益增长的通缩威胁。

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Many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.

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Importantly, many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.

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Though understandably coy on the subject of monetary policy, Mr Carney did say central banks had to finish what they had started as well, and make sure that the major economies achieved "escape velocity".

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