| 1. | Monetary contraction and global real estate bubble
货币紧缩和全球房地产泡沫 |
| 2. | So the net effect of all that fed monetary tightening has not raised mortgage rates at all
美联储所有货币紧缩措施的净效果，根本没有抬高按揭利率。 |
| 3. | The bond market is obviously vulnerable to monetary tightening , as the experience of 1994 showed
正如1994年的经验所反映，债券市场显然是最容易受到货币紧缩的影响。 |
| 4. | Moreover , the effects of both past monetary tightening and the housing slowdown on activity are likely to operate with lags
此外，过去的货币紧缩举措和住房交易活动的放缓，均可能具有滞后效应。 |
| 5. | Strong exports cushioned the effects of rising energy costs , and tighter monetary policy in most capitals helped stall inflation
较强出口抵消了上升的能源消耗所带来的影响，大多数国家实行货币紧缩政策，以此来缓解通货膨胀。 |
| 6. | Further monetary tightening is expected , with the federal fund rate projected for increasing further , thus dragging down global economic growth
预计联邦基金利率将进一步上调，而货币紧缩情况会持续，因而拖慢全球经济增长步伐。 |
| 7. | On the other hand , there is always scope for fiscal policy to pay a more supportive role in macroeconomic stabilization in case monetary contraction is overdone
另一方面，即使货币紧缩过度，内地亦可运用财政政策对宏观经济稳定发挥缓冲作用。 |
| 8. | Even though inflation is now coming down , most economists believe further tightening of monetary policy and banking reserve ratios lies ahead
尽管目前通货膨胀有所回落，但大多数经济学家认为，印度央行将进一步出台货币紧缩政策，并再次上调银行准备金率。 |
| 9. | Whether additional monetary tightening is in fact necessary after may will be for mr king and the other eight members of the rate - setting committee to decide
5月之后是否必须进一步采取货币紧缩政策将成为金先生和其他8位利率设定委员会成员所要决定的问题。 |
| 10. | Treasuries rallied and yields fell in the minutes following the fed ' s decisions on expectations the monetary tightening cycle was near its end
在美联储升息决定出台后，美国国债几分钟内应声大涨，收益率下降，原因是投资者预期，这一轮货币紧缩周期已接近尾声。 |
