This is not to argue, of course, that the ECB should cut interest rates now. On the contrary, the Bank’s current policy of fighting inflationary pressures by slower growth, a stronger euro, and the credit crunch seems just about right for the time being.
当然，这并不是说ECB应该现在就降息。相反，它现在所实施的通过更缓慢的经济增长、更强的欧元和信贷紧缩来应对通胀压力的政策暂时还是有效的。