紧缩政策

Central bank's monetary policy report has been no "tightening" the wording, but in negative interest rates, inter-bank market funds are more abundant, a large number of outflow of hot money is not an environment immediately lowered the deposit reserve ratio of the probability of very small.

央行的货币政策报告已没有"紧缩"的措辞，但在负利率，银行间市场资金较为充裕，有热钱大量流出的环境不立即降低了存款准备金率的可能性非常小的。

Severe austerity macro policy seems to reduce the high debt ratio of a feasible solution, but also dealt a blow to the highest quality of bank credit operations: Personal credit markets will reduce or shrink the real estate market and the automotive market may be under attack, we seem to to enter the other extreme - deflation.

严重的紧缩宏观政策似乎降低高负债率的一个可行的解决办法，而且也打击了最优质的银行信贷业务：个人信贷市场将会减少或缩小房地产市场和汽车市场可能会受到攻击，我们似乎进入了另一个极端-通缩。

The policy may jangle inflationary nerves but it is in fact designed to combat deflation, the new bogeyman.

这项政策可能会挑动对通货膨胀的紧张，但这实际上是设计来应对通货紧缩这个新的恶魔的。

And there is a cast-iron case for doing so.

此外，中国实施紧缩货币政策还有一个强大的理由。

If recovery is not in sight and deflation threatens, the clamour for more monetary stimulus will be hard to resist.

如果经济迟迟没有恢复的迹象，再加上通货紧缩的威胁，那么要求更多的货币刺激政策的呼声将很难抗拒。

Meanwhile, for the dollar, tighter Chinese monetary policy is another nail in the coffin.

同时，对美元来说，中国紧缩的货币政策是又一不详的预兆。

In the absence of policy change the credit squeeze could be regarded as a harbinger of a Chinese crash to come.

如果没有政策上的变化，这场信贷紧缩可能会成为未来中国金融危机的预兆。

Say, the land of the rising prices the main culprit is the tightening of land policy, is not true.

说，土地价格上涨的主要原因是紧缩的土地政策，是不正确的。

With the dawning realization of what he had done, he was back on the deflationary tack .

当他依稀察觉到自己的所作所为时，又重新采取了通货紧缩的政策。

Therefore, an exploration of the effectiveness of monetary policy under deflation is of great importance.

因此，研究通货紧缩下的货币政策效力问题具有重要的意义。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失