In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.

在很多调整平衡的情况下，低估的汇率还会导致货币供应过度增长，增加平抑通货膨胀的难度。

youdao

The irony is that export subsidies and import tariffs are individually disciplined in the WTO but their lethal combination in "an undervalued exchange rate" is not.

具有讽刺意味的是，WTO是分别对出口补贴和进口关税制定规则的，但“低估汇率”中两者的致命结合却未做出规范。

youdao

In normal circumstances, powerful economic forces work against an increasingly undervalued real exchange rate.

在正常情况下，强大的经济力量会纠正日趋低估的实际汇率。

youdao

In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.

ECONOMIST: Economics focus

It would be better for Western debtor countries to get their own fiscal houses in order than to attack China for an undervalued exchange rate and threaten protectionist measures that would reduce world trade and wealth.

FORBES: China's Challenge: Balancing the State and Market

Authorities have been using monetary policy instruments to cool inflation rather than adjust an exchange rate which many consider to be undervalued.

FORBES: Lujiazui Breakfast: News And Views About China Stocks (June 15)