时断时续的金融动荡为美国下半年经济带来不确定性。未来我国货币政策还有继续放松的空间,尤其是存款准备金率有进一步下调空间,降息的空间取决于通胀走势,如果目前美元贬值并重新推高大宗商品价格,将制约中国降息空间。 The intermittent financial turmoil creates uncertainty for the U.S. economy in the second half of the year. In the future, there will be room for further relaxation of China’s monetary policy. In particular, there is room for further reduction in the deposit reserve ratio. The room for interest rate cuts depends on the trend of inflation. If the U.S. dollar depreciates and the commodity prices are re-pushed higher, it will restrict China’s interest rate cut.