It should be remembered that the fundamental purpose of the offset policy is to allow industrial growth despite stringent air quality standards.

应该记得，补偿政策的基本目的是允许工业增长，尽管实施着严厉的空气质量标准。

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Because the interest rate in America is stuck at 0.25%, and the Fed is reluctant to use unconventional policy tools, there was no policy action taken to offset the increase in the demand for dollars.

由于美国利率被卡在了0.25%，而美联储对使用非常规政策工具始终心存顾虑，所以没有出台相应政策来抵消美元需求增加所带来的影响。

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Others noted that financial market strains and elevated risk spreads had offset much of the effects of policy easing on the cost of credit to borrowers.

其他人认为金融市场紧张及风险的扩大抵消了放松借款人信用成本的政策作用。

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This is especially worrying because it means that, despite holding its own rates to record lows and feeding money into the economy through quantitative easing, the Bank of England is ever less able to offset tight fiscal policy with loose money.

ECONOMIST: Britain��s stuttering economy

The central bank, which has kept interest rates high to offset lax fiscal policy, is in a policy bind: even higher rates might attract a destabilising amount of speculative capital, while lower rates would fuel domestic demand and imports, pushing the current-account deficit higher.

ECONOMIST: The Polish zloty

If it does nothing, the Fed runs the risk that, when Wall Street does eventually fall, inflation will be rising and the dollar falling, making it harder to ease monetary policy to offset the effects of a crash.

ECONOMIST: Trapped by the bubble