Although the purchasing power of savings continues to increase , low nominal interest rates are not good news for the small depositor 尽管物价持续回落令市民存款的购买力增加,但对小存户来说,名义利率低企是不受欢迎的。
Thus , china will remain the country with the world ' s largest gap between nominal interest rates and nominal growth , and monetary policy will not be constraining at all 因此,中国仍将是世界上名义利率和名义增长间差距最大的国家,货币政策仍将宽松。
And points out : ( l ) the relationship is not obvious between the economy growth and the nominal interest rate , but the relationship is negative correlation between the economy growth and the actual interest rate 指出: ( 1 )我国的经济增长与名义利率关系不明显,与实际利率之间呈负相关。
Thus , the effect of monetary policy on activity depends crucially on whether and how changes in the short - term nominal interest rate lead to changes in the current and expected real interest rates 因此,经济活动中货币政策的实现主要依赖于短期名义利率是否变化和如何变化,从而导致当前和预期实际利率的变化。
What you can say is this : in part , the run - up in the prices of houses , shares and other assets does indeed reflect the belief that inflation ( and hence nominal interest rates ) is likely to stay low for a long while 可以指出的是:在某种程度上,房产、股票和其它资产价格的攀升确实反映了人们对通货膨胀(因此名义利率也)很可能长期保持在一个低水平上的信心。