When asked what he meant by that, Mr Trichet said that when interest rates fall to “very, very low” levels it is hard to raise them again.

当被问及其意指如何时，特先生回答道，当利率降到“非常、非常低”的水平时，再想提息就难了。

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When interest rates fall, bond prices rise, and vice versa.

当利率下降，债券的价格会上升，反过来一样。

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This is why bond prices fall when interest rates rise, and why bond prices rise when interest rates fall.

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Mortgages might automatically give customers the benefits of refinancing when interest rates fall, saving them the expense and legal hassle of switching to a different company.

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The Fed has thereby fostered the impression that it will slash interest rates when share prices fall sharply, but not increase rates when they shoot up.

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