Because high oil prices both lower demand and raise inflation, central banks respond by doing little or nothing. The effects of high oil prices thus flow through to the economy without being moderated by the world's central banks leaning against the wind.
各国央行为调节需求减少而降低利率，为防止通胀上涨而升高利率。由于高油价既减少需求，也提高通胀，各国央行只好什么都不做。于是，高油价带来的后果在经济中得以完全的显现，而世界各国的央行都在调节措施方面无所作为。