As a result, they stopped lending to each other and to other businesses, which led to an instant credit freeze and a dangerous increase in borrowing rates.
因此,它们停止了同业拆借,也停止了向其它企业放款,这迅速导致了信贷冻结、贷款利率大幅攀升。
Policymakers believe that as the markets become more comfortable with the new arrangements the credit freeze will gradually thaw.
政策制定者相信市场将越来越适应新的政策,信贷冻结的情况将逐步缓解。
This was due to the credit freeze that particularly hit export-oriented economies because trade credit temporarily dried up.