On the other hand, monetary targeting is not even an alternative for China because of the breakdown of the relationship between monetary aggregates and inflation.
同时，由于货币供应量与通货膨胀之间的相关性被破坏，货币供应量目标也不再适合我国；
Due to insuperable defection as a intermediate target, monetary targeting have shown obvious weakness in its controllability, data availability and relativity with real economy.
我国现行货币供应量指标的可控性、可测性以及与国民经济的相关性均已出现了明显问题。
Inflation targeting is the new gold standard, largely guiding even the conduct of the European Central Bank, which retains a "monetary pillar".
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。
But unlike five years ago, central Banks now have the dual role of targeting monetary and financial stability.
但与5年前不同，央行现在担负着维护货币与金融稳定的双重职责。
Because both the FPC and the MPC rely on a monetary-transmission mechanism that operates through Banks, it isn't clear that inflation-targeting and liquidity maintenance can be so neatly separated.
因为FPC和MPC都依赖于银行之间运行的货币传递机制，要把通胀目标和维持流动性分开并不容易。
Because both the FPC and the MPC rely on a monetary-transmission mechanism that operates through Banks, it isn't clear that inflation-targeting and liquidity maintenance can be so neatly separated.
因为FPC和MPC都依赖于银行之间运行的货币传递机制，要把通胀目标和维持流动性分开并不容易。
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