The European Central Bank is staying calm for the moment, but it, too, is probably holding back on interest-rate hikes partly out of fear of driving the euro, already at record levels, even higher. And the ECB worries that if the US recession proves contagious, it may have to turn around and start slashing rates anyway.
欧洲央行目前保持稳定，但是连它也可能压制提升利率，部分原因是担心已经处于创纪录水平的欧元继续升得更高。而且欧洲央行担心，如果美国的衰退波及他国，它或许不得不转变政策，开始降息。