巴西降息不大可能影响中国的紧缩政策（双语）

　　Brazil's surprise rate cut is unlikely to lead to any dramatic shift in China's still-tight monetary policy stance, especially given the latest indications of rebounding manufacturing activity and unabated inflationary pressures.

　　巴西意外减息不大可能会导致中国依旧紧缩的货币政策立场发生巨大变化，特别是考虑到最新数据显示制造业活动开始反弹、通胀压力依旧不减。

　　While Brazil's decision may reflect a growing sense of caution over weakening global growth, the country's benchmark interest rates remain close to twice China's.

　　巴西的决定或许表明其对日益疲软的全球经济增长越来越谨慎，但巴西的基准利率仍接近中国利率的两倍。

　　As the official August manufacturing data showed, China's price pressures remain elevated, with the input prices subindex of PMI rising to 57.2 from 56.3 in July. Given Premier Wen Jiabao's latest pledge to focus on taming inflation, China is most likely to continue with policy fine-tuning and mild easing in selective areas in order to offset any further weakness in demand for its exports.

　　据官方发布的8月制造业数据显示，中国的价格压力依然在加剧，PMI采购价格指数从7月的56.3升至57.2。鉴于温家宝总理最新做出的重点抑制通胀的承诺，中国最有可能会继续对政策进行微调，并在部分领域适度放松，以抵消出口需求的进一步疲软。