“Monetary policy normalisation” is a wonderfully reassuring phrase. It seems to hint that the mispricing of risk that has characterised markets since the financial crisis may soon be a thing of the past.
“貨幣政策正常化”是一個奇妙的令人放心的說法。它似乎在暗示，自金融危機以來市場上出現的風險錯誤定價可能很快就會成為過去。
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