In the united states , an estimated two million subprime adjustable - rate mortgages are expected to reset higher in the next two years 在美国，估计有200万次级浮动利率抵押贷款在未来两年将重置为更高利率。
In theory , this should not work , because high interest rates on a currency should compensate investors for the risk of depreciation 理论上来说，这应该是行不通的，因为货币的高利率应该与其贬值风险相抵。
But over the past few years tighter interest rates , lending restrictions and heavier bank regulation have failed to cool the economy 但过去几年的调高利率、限制贷款及更为严厉的银行监管措施都未能给经济降温。
In the united states , an estimated two million subprime adjustable - rate mortgages are expected to reset higher in the next two years 在美国，据估计在未来两年内大约有两百万可调整利率的次级抵押贷款有望重新调高利率。
What ' s more , the fixed exchange rate system also promotes the possibility of crisis , especially when it was applied with the high interest 同时，当固定汇率制与高利率结合时，取得外资的国家成本相当高，风险也相对比较大。
But the manufacturing sector has little spare capacity , and high interest rates and scarce power may deter the investment needed to raise production 但是制造业的产量太小，而且高利率和能源不足也许会阻碍提高产量所需要的投资。
On the one hand , there may be a desire to recoup room for monetary policy in case the economy disappoints and again requires stimulus 一方面，联储局可能希望调高利率，以便一旦经济表现令人失望，有空间可以运用货币政策刺激经济。
Tax cuts unmatched by cuts in government consumption , together with high interest rates to prevent inflation , may not be a sustainable policy combination 只减税，不相应削减政府消费，也不利用高利率防止通胀，这种政策组合是无法持久的。
But in china , the formal financial sector provides only 20 per cent of investment funds , so a sharp boost in interest rates might not have much impact 但在中国，投资资金仅有20 %来自正规金融部门，因此，大幅推高利率可能不会有太大效果。
However , there could be more pain ahead , for instance when some $ 475 billion - worth of adjustable - rate mortgages switch to higher rates next year 但是，他们的苦难可能还没到头，比如当明年价值4750亿美元的可调节利率房贷转成更高利率的时候。
