The first – and most obvious – is that risks to financial stability must be substantial. But the second condition is equally important: adjusting the interest rate should not jeopardize the central bank’s other key objective, namely achieving its inflation target.
将利率政策作为宏观审慎工具使用有两个重要条件。首先也是最显而易见的是金融稳定风险必须很大。但第二个条件也同样重要：调整利率不应该妨碍央行的其他政策目标，即通胀目标。