We are living in an age of excess global liquidity, which renders a fall in sterling self-limiting.

我们生活在全球流动性过剩的时代，这使英镑下跌具有自限性。

youdao

As the excess liquidity in the global economy will be gigantic by then, the tightening will probably trigger a global crisis as asset bubbles burst.

由于在全球经济中的过剩流动性将变的极其巨大，收紧措施有可能导致资产泡沫破灭，引发新一轮全球危机。

youdao

Policies should instead focus on the causes of excess global liquidity and volatility.

相反，政策应该侧重于消除全球流动性过剩和波动的成因。

youdao

Meanwhile, Rousseff and Finance Minister Guido Mantega are sticking to their guns when it comes to their inflation shoot-out, arguing that excess global liquidity is a key, if not main culprit, rather than excess local demand.

FORBES: Brazil's Interest Rates Going Higher, But Are They High Enough?

Whereas in the recent past, one currency may be reduced in value compared with other currencies, this time there is global competitive devaluation as excess liquidity is put into the system.

FORBES: Move up http://i.forbesimg.com t Move down

In the other corner, global central banks are forcefully trying to counter these deflationary pressures by providing excess liquidity into the banking system via numerous forms of money printing.

FORBES: The Deleveraging Conundrum