为了捍卫联系汇率，近期利率上升。
In defending the linked exchange rate, interest rates have gone up.
过去数月，我们成功捍卫联系汇率。
Over the last few months we have successfully defended the linked exchange rate.
但我们为甚么可以成功捍卫联系汇率？
But why have we succeeded in defending the linked exchange rate?
人们对联系汇率制度有着强烈的好感。
联系汇率制造成的通货膨胀和资产泡沫代价非常高。
保持本港经济稳定的另一项重要因素，是我们的联系汇率制度。
Another element fundamental to our continued economic stability is the linked exchange rate.
此外，无论决策者怎样坚持，这场危机都会给联系汇率带来极大压力。
And such crises put extraordinary pressure on exchange-rate pegs, no matter how permanent policymakers claim them to be.
本港的掉期市场是资金中转的重要渠道，亦是有效反映市场对联系汇率信心的指标。
The swap market in hong kong plays an important role in channelling funds. it is also a highly efficient indicator of confidence in the linked exchange rate .
本港的掉期市场是资金中转的重要渠道，亦是有效反映市场对联系汇率信心的指标。
The swap market in Hong Kong plays an important role in channelling funds. it is also a highly efficient indicator of confidence in the linked exchange rate.
马先生所预期的通缩丝毫没有减退迹象，这多得数个因素，包括联系汇率、大陆相对的低成本和港府的减免措施。
The deflation Mr Ma predicted has shown no signs of abating, thanks to a number of factors that include the currency peg, cheaper costs on the mainland and government relief measures.
在联系汇率制度结束的时间如此不确定的情况下，除买进到期时可能一钱不值的期权外，是否还有其他可以获利的办法？
With the timing of a change to the peg so uncertain, are there ways to wait for a payday other than buying options that may expire worthless?
做饭，在黑色或黑油漆罐瓶发生食品，放在烤箱袋食品和容器的密切联系汇率的衣服和卡板废料放置在角落里的反射回来了。
To cook, place food in a black pot or black painted jar, place the food and container in an oven bag close up with a clothes peg and place on card board scrap in the back corner of the reflector.
当美国在1971年打破美元与黄金的联系汇率起，美元一直走下坡路，直到20世纪八十年代初，保罗·沃尔克才重新建立了外界对美元的信心。
When America broke the dollar's peg with gold in 1971, it ushered in a decline that continued until Paul Volcker re-established confidence in the currency in the early 1980s.
美元兑港币的联系汇率保持在7.8港元，这迫使香港金融管理局（Hong Kong Monetary Authority）目前追随美国保持低利率，鼓励了投机资金流入房地产市场和股市。
The peg is maintained at HK$7.8 to US$1 and forces the Hong Kong Monetary Authority to track currently low US interest rates, encouraging speculative flows into the property and stock markets.
美元兑港币的联系汇率保持在7.8港元，这迫使香港金融管理局（Hong Kong Monetary Authority）目前追随美国保持低利率，鼓励了投机资金流入房地产市场和股市。
The peg is maintained at HK$7.8 to US$1 and forces the Hong Kong Monetary Authority to track currently low US interest rates, encouraging speculative flows into the property and stock markets.
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