资金流入刺激投机性需求。

Liquidity inflow fuelled speculative demand.

然而，这次的货币紧缩幅度是否足以抑制投机性需求，开发贷款是否得以有效地规范化以及银行是否会认真落实相关政策，这些都有待作进一步的市场测试。

Nevertheless, it needs to be tested on the market as to whether the magnitude of monetary austerity this time has reached a critical point where