Even so, credit growth is still running at 21.7 per cent, well above the 17 per cent official target, meaning that more tightening measures will be needed to head off inflation.

即便如此，信贷增长仍达到21.7%，远高于17%的官方目标，这意味着需要出台更多收紧措施，以遏制通胀。

youdao

The downside risk was that a sharp slowdown in the economy, associated with weak real income growth and the tightening in the supply of credit, pulled inflation materially below the target.

下跌的风险是，急剧放缓的经济，与薄弱的实际收入增长和紧缩的信贷供给，退出重大低于通货膨胀率的目标。

youdao

Any substantial increase to the price of inventory would ripple with an increase to the consumer and a tightening of employment capabilities for Wal-Mart, Kmart and to a lesser extent Target.

任何存货价格的大幅提高，都会引起消费者的焦虑，和沃尔玛﹑卡马特这些零售商场雇员的紧张，甚至会波及到塔吉特百货。

youdao

It barely presaged one in 1989, and flashed a false warning once, in 1966, but has been on target 100% of the time when combined with steady Fed tightening, as in the last 3 years.

FORBES: Curveball

On the downside, there is a risk that a sharp slowdown in the economy, associated with weak real income growth and the tightening in the supply of credit, pulls inflation materially below the target.

BBC: Central banks' official statements

The Bank clearly believes the combined impact of the recent tightening across monetary, macro-prudential and fiscal policies will push inflation to its target, around 4.6% from the 6.3% 12 month rolling inflation currently.

FORBES: More Brazil Rate Hikes in June, Then a Pause...and a Prayer