monetary easing

If intervention or open market operations control currency appreciation, the ensuing domestic monetary easing feeds an asset bubble in these economies.

如果外汇干预或公开市场操作控制住了本币的升值，那么由此引发的国内货币宽松局面就将助长这些经济体的资产泡沫。

The Chinese central bank has started to unwind the tight monetary policy that it implemented last year, but the easing has come slowly and has been more about stabilising liquidity than stimulating the system.

中国央行已经开始放松去年实施的紧缩货币政策，但是宽松的步伐十分缓慢，并且其目标更多的是稳定流动性，而非刺激金融体系。

And, as we expect to see more monetary easing in the form of at least two more reserve requirement ratio cuts and a further lowering of policy rates, business confidence could continue to improve.

我们预计将看到更多的货币宽松政策，包括至少还有两次下调存款准备金率以及进一步下调政策利率，因此企业信心可能会继续改善。

A small amount of probing reveals a couple of concerns: monetary easing and China.

稍做一下调查就会揭示出两件令人担忧的事: 货币宽松和中国.

But the governor, speaking in Belfast, warned against over-reliance on monetary easing.

但英国央行行长在贝尔法斯特（belfast）讲话时警告，不能过度依赖宽松货币政策。

From the start of this year, capital inflows have been negative. We believe the key factor now restricting effective monetary easing is that the required reserve ratio remains at a high level, said Liu Liu, macroeconomic analyst at China International Capital Corp.

中金公司（China International Capital Corp）宏观经济分析师刘鎏表示：年初至今外汇流入为负，我们认为，当前制约货币政策有效放松的关键因素是存款准备金率仍处于高位，从而压低了货币乘数。