钉住政策，指一国或地区采取的使本国货币同某种外币或一篮子货币保持相对固定的比较关系，而对其他货币则自由浮动的做法。
他们援引英国与意大利的例子，此二国于1992年放弃货币钉住政策，随后经济迅速复苏。
They point to Britain and Italy, which abandoned their currency pegs in 1992—and then recovered quickly from recession.
不过，自北京3年多前放松了钉住美元的政策以来，人民币兑欧元汇率实际上出现了下跌，自2005年以来欧元兑人民币升值了约2.6%。
Yet since Beijing loosened its peg to the dollar more than three years ago, the yuan has actually fallen against the euro, pushing the European currency up about 2.6% against the yuan since 2005.
中国利率政策的行为表明，钉住汇率下的独立性是以利率政策的有效性损失为代价。
The action of China's interest rate policy shows that the independence of interest rate policy is won by the effectiveness losses under the pegged exchange rate.
应用推荐