Unlike such tools, interest-rate policy is a blunt instrument for dealing with financial imbalances. And using interest rates to address such concerns may interfere with the central bank’s primary objective of keeping inflation near target.
与这些工具不同，利率政策是应对金融失衡的“钝器”。使用利率解决这类问题可能妨碍央行的主要目标——将通货膨胀保持在目标水平附近。