The conjunction of low inflation and low unemployment came as a very pleasant surprise.

低通货膨胀与低失业的同时出现是一大惊喜。

Low inflation is also a concern for the Fed.

通货膨胀率较低，也是美联储关注的一个方面。

The low inflation rate will be no flash in the pan.

低通货膨胀率不会只是昙花一现。

The Fed has a dual mandate by law: low inflation and low unemployment.

从法律上讲，美联储有两项职责：保证低通胀率和低失业率。

More recently, the gold price has risen through a period of low inflation.

而近期金价的上涨却发生于低通胀时期。

It is hard to ease the debt burden in a stagnant economy with low inflation.

在通胀低但经济停滞的国家，债务负担很难减轻。

Will China be able to maintain such a momentum of high growth and low inflation?

今后还能不能继续保持高增长、低通胀的发展势头？

We take it for granted that people trust their central banks to deliver low inflation.

我们理所当然地认为，人们信任本国央行能够实现低通胀率目标。

After all, central Banks usually cut interest rates in response to weak demand and low inflation.

毕竟央行面对需求疲软和低通胀时往往采取削减利率的手段。

That may ultimately mean raising interest rates, even when the immediate outlook is for low inflation.

这最终可能意味着加息，即使当紧接着的前景是低通胀。

Some believe this move has been driven by expectations of low inflation (or deflation) in coming years.

一些人认为这是由对未来几年低通胀(或通货紧缩)的预期所至。

Equally important, however, we need to steer clear of deflation, or even excessively low inflation.

不过，同样重要的是我们需要防止通货紧缩，甚至需要防止通货膨胀太低。

The Fed may insist it has not changed its commitment to low inflation but the public may not believe it.

美联储可能坚持宣称它没有改变对于(控制)低通胀率的承诺但是公众并不一定会相信它。

But in his view the bulls were ignoring the corollary; that low inflation would lead to low earnings growth.

但是在他看来，牛市论者忽视了一个必然结果；通胀低造成收益增长低。

The financial crisis has amply demonstrated that maintaining low inflation does not guarantee economic stability.

金融危机已经充分的证明了持续的低通胀率并不能保证经济稳定。

Again, such policies would have worked a decade ago, in an environment of low inflation and rapid lending growth.

同样，这样的政策在过去低通胀率和贷款剧增的十年中能起效。

The conventional wisdom holds that neither of those scenarios-low inflation or deflation-should be good for gold.

传统智慧认为，不管是低通胀还是通货紧缩，对于金价来说都不是利好消息。

That was partly because a long period of low inflation and economic stability reduced investors’ perception of risk.

其部分原因在于长期的低通胀与经济稳定弱化了投资者的风险意识。

With its sound public finances, low inflation and stable exchange rate, Denmark would sail through the euro’s entrance exam.

丹麦稳健的公共财政，低通胀水平和稳定的汇率将轻松通过欧元区”准入考试”。

The Swiss have both a fiscal and a current-account surplus, a low inflation rate and a relatively low debt-to-GDP ratio.

瑞士人有财政和经常账户的双重盈余、很低的通胀率和相对较低的债务与GDP比率。

Low inflation, achieved through more disciplined public finances and trade liberalisation, has brought falling interest rates.

更为严格的公共财政和自由贸易带来了低通货膨胀率，而较低的通胀降低了利率水平。

The Fed's latest forecasts, unveiled at that press conference, show low inflation and high unemployment for the foreseeable future.

在这场新闻发布会上，美联储发布的最新预测显示，在可预测的未来将一直维持低通胀、高失业。

It would, he says, ruin the credibility the Fed has invested in low inflation, and undermine the ability of firms and people to plan.

他说这将破坏美联储在低通胀率做出的承诺，并且打乱企业生产和人们生活的安排。

Stockmarket indices, soaring house prices and low inflation surely did more to feed bankers' and borrowers' exaggerated sense of well-being.

银行家和贷款者们对生活质量的满足感被夸大，证券交易指数、攀升的房价和低通货膨胀当然起到了更大的作用。

Between 2001 and mid-2008 Brazil experienced a long period of growth with low inflation, something it never managed in its earlier stop-start period.

2001年至2008年中期间，巴西经历了低通货的长期增长，这是它早期停停长长期间从未能管理的。

According to the functional positioning of the Fed, it is responsible for developing domestic economy, creating employment and keeping low inflation rate.

从美联储的职能定位来说，它要对美国经济负责，要为创造美国的就业和保持美国国内的低通货膨胀率负责。