他们必须做出自己的选择,当然是从各自的角度出发,不同国家的中央银行都有不同的目标,不同的权限。
They have to make their own choice and it follows from that, of course, that central Banks in different countries have different objectives, different terms of reference.
它要求中央银行需随着价格偏离预期轨道而反复更改未来通胀目标。
It would require a central bank repeatedly to alter its goal for future inflation as prices deviated from the desired path.
相比之下,把价格水平作为目标的中央银行为了弥补差额,在下一年它将力图把通胀率提高到3%以使价格水平达到104。
In contrast, a central bank that targets the price level wants to make up any lost ground on prices. It would seek to raise inflation to 3% in the second year to get to a target of 104.
这样一来,中央银行就需要在通胀率低企时期过后通过推高通胀来实现它的价格水平目标。
With a price-level target, central banks would have to follow a period of excessively low inflation with higher inflation in order to get back to the target.
他辩称,中央银行只有在集中注意力于通胀,最好是有个目标的情况下才能运行到最佳。
He argued that central Banks performed best by concentrating solely on inflation, preferably with a target.
所以让中央银行来负责宏观上谨慎的目标是行得通的。
So it makes sense for the central banks to be in charge of the macro-prudential bit.
这也使中央银行更易以低于以往的利率水平来达到通胀控制目标。
This has also made it easier for central banks to achieve their inflation goals with much lower interest rates than in the past.
去年通货膨胀率仅为3%,低于中央银行设定的目标4.5%。
Inflation last year was only 3%, below the target of 4.5% set by the central bank.
今年第二季度的经济比去年同期增长了11.3%,大大超过了中央制定的年增长8%的目标。
The economy expanded 11.3% in the second quarter of this year from the same period a year earlier, far outstripping the government's target of 8% for the whole year.
可把服务主体的密钥加给JAASSubject,强化将JAAS Subject用做一个GSSAPI凭证的中央资源库的目标。
The secret key of a service principal can be added to the JAAS Subject, furthering the objective of using the JAAS Subject as a central repository of GSSAPI credentials.
通胀率从2009年10月的4.2%到今年4月的6.5%,冲破中央银行的目标上限。
It has risen from 4.2% in October 2009 to just over 6.5% in April, when it breached the ceiling of the Central Bank's target.
虽然目前没有中央银行以价格水平为目标,但它已不是一个新的概念。
Although no central bank currently targets a price level, the concept is not a new one.
七月份,平均总通胀率在富国超过4%,新兴经济国家几乎达9%,远高于中央银行见们的预期目标(见表2)。
In July average headline inflation was over 4% in rich countries and almost 9% in emerging economies, far higher than central bankers' targets (see chart 2).
这不仅与智利的中央管制系统形成对比,也不同于同阿根廷同属联邦国家的巴西,巴西利亚的卫生部设立了全国性目标。
That is a contrast not just with Chile's centralised system but also with Brazil, which like Argentina is a federal country, but where the health ministry in Brasilia sets overall national goals.
但是面对现实冲击,中央银行也必须采取短期稳定政策,与长期价格稳定的目标相一致。
But in the face of real shocks central banks also need to follow short-run stabilisation policies consistent with long-run price stability.
以通货膨胀为目标是一种新的黄金标准,这一标准甚至在很大程度上影响了货币主义的重要支持者——欧洲中央银行的行为。
Inflation targeting is the new gold standard, largely guiding even the conduct of the European Central Bank, which retains a "monetary pillar".
不同于以往间接对通货膨胀进行控制,现在中央银行把目标直接对准了物价稳定。
Instead of seeking to control inflation indirectly, central Banks aim expressly at price stability.
相应地,中央银行金融政策操作目标及其操作就要进行调整。
Accordingly, the target and the operation of central bank's financial policy need adjust.
中央银行应该把零通货膨胀作为目标吗?
波兰的中央银行维持利率5.75%不变,但警告说要达到预定的通货膨胀目标可能需要进一步提高利率。
Poland's central bank also kept its key rate unchanged, at 5.75%, but warned that meeting its inflation objective may require further interest-rate increases.
由于这一原因,实行通货膨胀目标制的国家常常是那些中央银行具有高度运作独立性的国家。
For this reason, inflation targeters are almost invariably countries in which the central bank has a high degree of operational independence.
所有可编程控制器(plc)和处理器应采用植入目标链接(ole)的过程控制(opc)协议,以便与中央控制和数据处理系统的通讯。
All Programmable Logic Controllers (PLC) and Processors shall use Object Link Embedded (OLE) process control (OPC) protocol to facilitate communication to a central control and data processing system.
中央财政债务收入2447亿元,298.4亿美元,完成预算的99.6%,货币供应量增长17.3%,全年现金投放1376亿元,165.8亿美元,超过计划控制目标176亿元,21.2亿美元,全部金融机构存款增加12940亿元,1559亿美元,增长18.6%。
Currency supply incereased by 17.3%. A total of 137.6 billion yuan, us$16.58 billion was issued throughout the year, exceeding the control plan by 17.6 billion yuan, us$ 2.12 billion.
分析师表示他们相信中央银行的举措目标针对其中一个症状,而不是危机的根本原因。
Analysts said they believed the central Banks' action targeted one of the symptoms, rather than the root or cause, of the euro zone problems.
尽管2%的速率可能是美联储实际设定的通胀目标值,但是中央银行的举措(以及市场的反应)好像2%是一个上限值而不是一个可接受范围的中间值。
Although a 2% rate may be the Fed's de facto inflation target, the central bank operates (and markets react) as if 2% were a ceiling rather than the midpoint of an acceptable range.
尽管2%的速率可能是美联储实际设定的通胀目标值,但是中央银行的举措(以及市场的反应)好像2%是一个上限值而不是一个可接受范围的中间值。
Although a 2% rate may be the Fed's de facto inflation target, the central bank operates (and markets react) as if 2% were a ceiling rather than the midpoint of an acceptable range.
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