During the coming year it is therefore quite possible that we could face both periods of easy monetary conditions and inflationary pressures , and periods of tight monetary conditions and a slowing economy 因此，来年有时可能会货币环境宽松，出现通胀压力有时可能会货币环境紧张，经济增长放缓。
But even if this observation is correct , it just means that the dollar will have to fall further to generate enough inflationary pressure to force the federal reserve to raise interest rates 但即使这种观点是正确的，它也只是意味着，美元将不得不进一步下跌，以产生足够的通胀压力，来迫使美联储升息。
In addition , an interest rate hike may increase pressure on the renminbi to appreciate , thereby drawing further " hot money " inflows into china and adding to domestic money supply and inflation pressures 此外，提高利率可能会增加人民币升值的压力，因而吸引更多“热钱”流入中国，从而增加国内货币供应量和通胀压力。
If money is too abundant or too cheap , inflationary pressures may build up or bubbles may appear in financial markets ? until central banks tighten policy or market opinion suddenly changes 是如果现金过多或过于便宜，那么通胀压力就会大增，或者金融市场的泡沫就会显现? ?直到央行实施紧缩性政策，或市场突然改变看法为止。
But inflationary pressure is building up , and the economic outlook is still clouded by uncertainties over the interest rate cycle . global economic growth can be derailed by unexpected sharp rises in interest rates 但通胀压力正逐步形成，经济前景受利率循环的不明朗因素所左右，超出预期的利率急升可引致全球经济增长偏离预期轨迹。
" economic data over the next several weeks are likely to follow the theme of slower growth with continued inflationary pressures , " wrote andrew tilton , an goldman sachs economist , in a note to clients 高盛经济学家安德鲁-希尔顿表示： “未来几周公布的经济数据很有可能延续经济放慢增长的主题，通胀压力还存在，加上消费者需求有萎缩的趋势。
Towards the end of the year , domestically generated inflation had virtually dissipated , upon the large fall in rentals , softening in wages and salaries , and the prevalence of price discounts amid the weak consumer demand 由于租金大幅下调，工资及薪金偏软，以及消费需求疲弱导致店铺普遍减价促销，源自本地的通胀压力在接近年底时几近消失。
