But higher energy prices, by themselves, will not cause the ECB to pull the interest-rate trigger. The key will be so-called “second-round effects” – whether growing crude prices lead to higher wage demands from trade unions.
节节攀升的能源价格，举例来讲，成了导致通货膨胀的首要危险因素。但仅仅是能源价格上涨本身还不足以使欧洲央行调整利率。关键问题是所谓的“次轮效应”¾那就是原油价格上涨会不会导致工会提出增加报酬的要求。