Ironically, although central banks are now focused on the problem of deflation, the more serious risk for the longer term is that inflation will rise rapidly as their economies recover and banks use the large volumes of recently accumulated reserves to create loans that expand spending and demand.
具有讽刺意味的是，虽然各央行现在专注于应对通缩问题，但更长期、更严重的风险却是随着各国经济复苏和各银行动用新近获得的大量储备来创造扩大支出和需求的信贷，通胀会很快抬头。