Central banks in some richeconomies, in particular Britain and the euro zone, still have room to cut rates—though it is notable however fairly dramatic cuts are not working as they once did.
3
这就会使欧洲央行不情愿的降息,即使经济已经跌入了衰退的泥潭。
That will make the ECB reluctant to cut rates even if the economy dips into recession.