The ECB gets into bond spread management.

欧行开始进行债券利差管理。

The ECB faces an unenviable dilemma.

欧行面临着危险的两难境地。

Mario and the ECB helped stabilize the European economy.

马里奥和欧行帮助欧稳定了济。

The problem is that the ECB risks crashing the plane.

问题是这样的话欧行面临着让飞机坠毁的风险。

The ECB has now hiked rates three times since July.

自 7 月以来，欧行已三次。

That's because the ECB has been struggling to boost prices.

那是因为欧行一直在努力提高价格。

Why would the ECB consider pausing interest rates at this point?

为什么欧行会考虑在此时暂停利率呢？

It would be the ECB's first rate hike in more than a decade.

这将是欧行十多年来的首次。

The ECB is expected to lift rates at its next meeting on September 8th.

预计欧行将在9月8日的下一次会议上提高利率。

If price rises accelerate once again, the ECB would probably become even more cautious.

如果物价再次速上涨，欧行可能会变得更谨慎。

Right now, the ECB's key deposit rate is at half per cent below zero.

目前，欧行的主要存款利率一直是负百分之零点五。

But there is no one European government that issues bonds for the ECB to buy.

但是欧政府并没有发行欧行可以购买的这类债券。

The European Central Bank, or ECB, cut all three of its main interest rates.

欧中银行（ECB）宣布三大主要利率全线下调。

The ECB's cuts to three main interest rates it controls take effect on March 16.

欧行下调的三大主要利率将于3月16日正式生效。

For what it's worth, though, the ECB seems unfazed by the recent rise in inflation.

不过，就目前而言，欧行似乎并未因近期的通胀上升而感到不安。

The poor GDP figures will intensify pressure on the ECB to do more.

低靡的GDP数据将迫使欧行采取更多的措施。

Europe has the European Central Bank or ECB, and other countries have institutions that play similar roles.

欧有欧行(ECB)，其他国家也有类似功能的机构。

Inside the ECB council, the idea of sometimes using unorthodox monetary tools is no longer contested.

在欧行执委会内部，偶尔使用非传统货币工具的观点不再受到质疑。

In fact, the ECB and a couple of other European central banks are trying negative interest rates.

实际上，欧行和其他欧的中银行正试图将利率下调至负利率。

The ECB had suspended this requirement during the pandemic, but that reprieve has now ended.

欧行在疫情期间曾暂停这一要求，但这一缓和措施现在已结束。