On the other hand, the low level of short-term interest rates has tended to stimulate monetary expansion, reflected particularly in the increase in the narrow aggregate M1.

另一方面，短期利率的低迷也刺激了货币供应量的扩张，狭义货币总量M1的增长尤为迅速。

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On the other hand, the low level of short-term interest rates has tended to stimulate monetary expansion, reflected particularly in the increase in the narrow aggregate M1.

另一方面，短期利率的低迷也刺激了货币供应量的扩张，狭义货币总量M1的增长尤为迅速。

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