新加坡货币当局星期四扩大了新元的交易浮动区间,让汇率能够在通胀风险和市场动荡之间有更大的平衡空间。
The Monetary Authority of Singapore Thursday widened the trading band for the Singapore dollar, allowing greater room for adjustment to balance inflation risks and market volatility.
这决定了货币当局不能用汇率杠杆调节国际收支,也不能用利率、货币供给杠杆调节国内宏观经济。
So the monetary authority don't make use of exchange rate as a means to adjust the balance of payments and also unable to use interest and money supply to cope with domestic macroeconomic problems.
每次发生金融危机,当局就会进行干预,照管出问题的机构,并实施货币及财政刺激政策,从而进一步吹大这个超级泡沫。
Each time a financial crisis occurred the authorities intervened, took care of the failing institutions, and applied monetary and fiscal stimulus, inflating the super-bubble even further.
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