To say that 0.25%, or even 1%, is high in this environment is pure hyperbole. And while one shouldn’t overstate the risks of sustained ultra-low rates to financial stability, it is also wrong to dismiss them entirely.
但我们也不要犯下将“更高利率”视同于“高利率”的低级错误。在这种情况下认定0.25％——甚至1％——属于高利率完全是夸大。虽然我们不应该过分强调持续超低利率对金融稳定的风险，也不应完全否定这些风险的存在。