这些冲击将带来对通货膨胀的无端恐惧，并影响到货币宽松目标的实现。

Such attacks can generate an unwarranted fear of inflation that frustrates the goal of QE.

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他在报告中指出，油价飙升对真实经济的冲击主要应归咎于央行对油价飙升引发的通货膨胀压力所做出的反应。

'the majority of the impact of an oil price shock on the real economy is attributable to the central bank's response to the inflationary pressures engendered by the shock,' he wrote.

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