The Central Bank still fixes the price of money.

中央银行仍在确定货币价格。

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The central bank's task is to unscramble price signals distorted by panic, not to protect the markets from a signal that they do not like.

中央银行的任务就是解读被恐慌扭曲的价格信号，而不是保护市场不受他们不喜欢的信号的影响。

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Now consider the case in which the central bank wants to establish a bond price that is above the market equilibrium price; in fact, the central bank is then pursuing a minimum price policy for bonds.

现在考虑这种情况，央行想将债券价格确定在高于市场均衡价格的水平；事实上，这时央行实行的是债券最低价格政策。

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This is precisely the reason why most central banks target the price of money, in the form of short-term interest rates, rather than its quantity.

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New Zealand also boasts an independent central bank committed to price stability and a government budget that has been in surplus for the past five years.

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It is important to remember that the UK has had significant monetary advantages, compared with the more rigid inflexible eurozone, in the post-crash years - a currency, sterling, that could and has fallen to reflect weak conditions here, and a central bank able to price money and create money to meet the UK's challenges.

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