reflate /ɹiːˈfleɪt/ verb2 •To reinflate, to inflate again. •To restore the general level of prices to a previous or desirable level.Bassetto […] shows that the central bank can disallow deflationary solutions by imposing negative nominal interest rates as a way to reflate the economy by creating arbitrage opportunities. — 2020 formsreflated · reflating · reflates