货币政策进退维谷

Monetary Policy in the Grip of a Pincer Movement

货币政策陷入金融周期和对经济缺乏敏感度的低通胀的左右夹击中，暴露出传统货币政策框架的局限性。

Monetary policy has been in the grip of a pincer movement, caught between growing financial cycles, on the one hand, and an inflation process that has become quite insensitive to domestic slack.