The honeymoon for the European Central Bank is over. Because European interest rates no longer are clearly out of whack with the fundamentals of the euro-zone economy, monetary policy has become more complex.
欧洲央行的蜜月已经结束了。由于欧洲的利率不再明显地与欧元区经济基本面脱节，因此货币政策已经变得更为复杂。