disinflation

Money held by households and firms is contracting - a harbinger of disinflation and slump.

家庭和商户所持有的现金在缩水,这预示着通货紧缩和经济萧条.

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At the same time, disinflation makes it cheaper to borrow in both real and nominal terms.

与此同时, 无论是以实际还是名义价值衡量,反通货膨胀都令借贷成本更低廉.

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