但是宏观的目标必须是逐渐促使银行收缩、提高流动性。
But the broad objective must be gradually to prod Banks to shrink and improve their liquidity.
这种变化反映了央行行长们的观点：若要以信贷或流动性为目标，需要另寻工具。
The change reflects central bankers' argument that to target credit or liquidity requires another tool.
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.
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