欧洲央行准备注资万亿欧元

 　　Stocks in both the Europe and the US market soared after the ECB announced a larger-than-expected bond-buying program.

　　But some analysts¹ express worries that the program may help only temporarily.

　　Robert Halver is head of market research Baader Bank from Germany.

　　"Mr (Mario) Draghi did not disappoint the markets. He made it clear that he wants to get the inflation rate up to two per cent whatever it takes. Should this not work until September 2016 when this programme is supposed to end, it will be extended. "

　　However, few options were left for the ECB to choose in terms of fighting the risk of deflation.

　　欧洲央行准备注资万亿欧元

　　The annual inflation rate in the euro zone dipped into negative territory and reached minus 0.2 percent despite the ECB's previous stimulus² efforts.

　　Meanwhile economists³ here in China also warn that the QE policy might also serve as a double-edged sword for Chinese economy.

　　Guan Tao is head of the department of international payments at the State Administration of Foreign Exchange.

　　"On one hand, given the monetary⁴ policy of the U.S. getting normalized, European QE would ease the tightening⁵ effect of the withdrawal⁶ of the U.S. QE. On another hand, the widening division of the monetary policies of the major world economies will affect exchange rates among major currencies, which will further jolt⁷ the international finance, particularly the foreign exchange market. It will also make it more difficult to manage cross-border capital flow and currency expectation."

　　From March of this year, the ECB and national central banks in the euro zone purchased additional bonds and securities from euro zone governments, agencies, and European institutions amounting to about 69 billion U.S. dollars per month.

1 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

2 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

3 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

4 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

5 tightening   

上紧，固定，紧密

参考例句：

• Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
• It needs tightening up a little. 它还需要再收紧些。

6 withdrawal   

n.取回，提款；撤退，撤军；收回，撤销

参考例句：

• The police were forced to make a tactical withdrawal.警方被迫进行战术撤退。
• They insisted upon a withdrawal of the statement and a public apology.他们坚持要收回那些话并公开道歉。

7 jolt   

v.（使）摇动，（使）震动，（使）颠簸

参考例句：

• We were worried that one tiny jolt could worsen her injuries.我们担心稍微颠簸一下就可能会使她的伤势恶化。
• They were working frantically in the fear that an aftershock would jolt the house again.他们拼命地干着，担心余震可能会使房子再次受到震动。