the era of negative interest rates 负利率时代

The People's Bank of China announced on Friday it was cutting both interest rates and the reserve requirement ratio again to boost the economy. It has thus been suggested that China has formally stepped into "the era of negative interest rates" again, which would be the fourth time since the 1990s.

10月23日，央行再次宣布下调存贷款基准利率和存款准备金率，旨在提振经济增速。有评论称，这是20世纪90年代以来，中国第四次正式步入“负利率时代”。

“负利率时代”可以用the era of negative interest rates表示，所谓负利率（negative interest rates）是指通货膨胀率（inflation rate）高过银行存款利率（deposit rate）。与之相对的是正利率（positive interest rates）。