In the very long run, the spending generated by low domestic interest rates is indeed likely to produce excess demand and inflation, particularly if the economy and the financial system are liberalised.
In the very long run, the spending generated by low domestic interest rates is indeed likely to produce excess demand and inflation, particularly if the economy and the financial system are liberalised.
从远期看，低国内利率产生的支出，确实可能造成过度的需求和通胀，特别是在经济和金融体系实现了自由化的情况下。