Falling oil prices and the prospect of a prolonged period of low inflation also seem to have affected inflation expectations. Given the potency of the recent oil-price shock, the risk is that inflation may temporarily slip into negative territory in the coming months.
油价下跌和低通胀期延长的展望似乎也影响到了通胀预期。考虑到最近油价动荡的影响，风险在于通胀可能会在未来几个月临时滑入负值区间。一般来说，央行会欢迎一个正面的供应井喷。毕竟低油价会推高实际收入并可能推动未来产量提升。但这还不是庆祝的时候，毕竟要实现中期价格稳定就得有稳定挂钩的通胀预期，而货币政策正是要应对这种脱钩风险。