Indeed, the pace of ECB warnings about the risks of inflation has quickened in recent months – the earlier “We are vigilant” became “We are particularly vigilant” in September, which became “Strong vigilance with regard to upside risks to price stability is warranted” in October. The Governing Council is in danger of running out of adjectives – as well as credibility – if it does not act soon.
实际上，欧洲央行近几个月已经加快了警告通胀危险的步伐¾早前的“我们要警惕”变成了9月份的“我们特别要警惕”，此后又变成了10月份的“要确保对价格稳定中上涨因素的强烈警惕”。如果仍然不采取行动，管理委员会就会冒着用尽形容词和丧失信誉的危险。