“Monetary policy normalisation” is a wonderfully reassuring phrase. It seems to hint that the mispricing of risk that has characterised markets since the financial crisis may soon be a thing of the past.
“货币政策正常化”是一个奇妙的令人放心的说法。它似乎在暗示，自金融危机以来市场上出现的风险错误定价可能很快就会成为过去。
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