The central bank's immediate concern is that excessive growth of money and credit can spill into asset prices.

货币供应量和信贷的过快增长可能会抬高资产价格，这引起了欧洲央行的关注。

youdao

But their rapid growth fuels fears of excessive credit.

但是，其快速增长不容忽视，引起了信贷过度的担忧。

youdao

The central bank's concern is that excessive growth of money and credit can spill into asset prices.

欧洲央行担忧过度的资金与信贷可能促使资产价格上涨。

youdao

Thus interest rates should be raised to curb excessive credit growth even if inflation remains tame.

ECONOMIST: Economics focus

As sterilisation has become less effective, excessive credit growth is pushing up inflation and causing overinvestment in property, especially in China.

ECONOMIST: A further steep decline in the dollar seems inevitable

Instead, they look more broadly at financial imbalances, particularly excessive growth in credit, which tends to signal problems ahead.

ECONOMIST: Yesterday's financial architecture needs refurbishing