该行观点主要内容如下：
在经济体接近充分就业的情况下，面对通胀缺失的情况，美联储和欧洲央行的反应是不同的。
我们认为美联储的做法是正确的，在经济接近充分就业的情况下，央行提高利率是正确的，即便是没有通货膨胀。
这是因为利率的上升，恢复了一些货币政策的回旋余地，从而防止金融失衡。经济运行与“过热”理论背道而驰，但这一理论似乎不成立。
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