disinflationary

As a result, disinflationary pressures are now greater than at any time since the 1930s and there is no sign of the struggle over functional income shares that triggered the wage-price spirals of the 1970s.
Du fait de ces changements, les pressions déflationnistes sont aujourd'hui plus fortes qu'elles ne l'ont jamais été depuis les années 30 et on ne trouve nulle trace des conflits de répartition fonctionnelle du revenu qui ont déclenché les spirales salaires-prix des années 70.
One reason might be that while it is very concerned about deflation, at this point in time the ECB does not have a clear idea of what the right tool is to relieve disinflationary pressure, or how to implement it.
L’une des raisons pourrait être que, bien qu’extrêmement préoccupée par la déflation, la BCE ne sait pas clairement à l’heure actuelle quel outil employer pour soulager les pressions désinflationnistes, ou comment le mettre en œuvre.
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