Twenty years ago, real short-term interest rates were exceptionally high by historical standards because the major central banks of the world wanted to combat what was seen at the time as inaction against spiraling inflation.
20年前，实际短期利率以历史标准来看非常之高，那是因为当时世界各国的央行想要对其在持续上升的通货膨胀面前的无所作为开刀。