那么在第一年出现1%的通货紧缩后，央行在之后的几年中将设定超过2%的年通胀率（比如第二年通胀率为5%）从而使价格重新回到目标水平内。

Then after deflation of 1% in year one, the central bank would aim for inflation of more than 2% in later years (inflation of 5% in year two, say) to bring prices back up to the target.

youdao

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.

youdao

具体来说，要实现通货紧缩的日本经济其居民价格指数的年增长维持在0%-2%之间（非官方的目标为1%），零利率的政策才有可能改变。

Until deflationary Japan sees consumer prices rise by between 0% and 2% a year (with an unofficial aim of 1%), the long-standing near-zero policy rate will remain.

youdao

在一年多以前，Facebook开展了一个项目。项目目标很宏伟：用最低的价格打造最高效率的计算基础设施环境。

We started a project at Facebook a little over a year ago with a pretty big goal: to build one of the most efficient computing infrastructures at the lowest possible cost.

youdao

应该记住的是，1913至1977年，美联储只有一个目标的追求，即价格稳定。

It should be remembered that from 1913 to 1977, the Fed had only one objective to pursue, i. e. price stability.

youdao

在没有明显迹象显示将重新回到更正常的价格环境的情况下，我们预期日本央行会逐渐加息，而我们的一年期目标息率会在0.75% - 1%的区间。

With no tangible signs of a return to a more normal pricing environment, we expect the BoJ to increase rates only at a gradual pace and keep our 12 months rate target in the 0.75%-1% region.

youdao

在没有明显迹象显示将重新回到更正常的价格环境的情况下，我们预期日本央行会逐渐加息，而我们的一年期目标息率会在0.75% - 1%的区间。

With no tangible signs of a return to a more normal pricing environment, we expect the BoJ to increase rates only at a gradual pace and keep our 12 months rate target in the 0.75%-1% region.

youdao