RMB under strong pressure of appreciation

时间：2007-10-31 03:18:25

（单词翻译:单击）

Chinanews, Beijing, October 30 – According to Yi Gang, assistant governor of the People’s Bank of China, the country’s central bank, China is in a circle of interest rate hike, to deal with possible inflation. Meanwhile, the US dollar has entered a circle of interest rate drop, thus the RMB is under the strong pressure of appreciation1.

 

“The People’s Bank of China will apply a series of policies like making market operation more transparent2, raising the deposit reserve ratio, etc. The price lever will also be used to tighten3 credit,” said Yi.

 

Yi encourages commercial banks to issue fixed-rate loans, particularly on property buyers.

 
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1 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
2 transparent Smhwx     
adj.明显的，无疑的；透明的
参考例句：
  • The water is so transparent that we can see the fishes swimming.水清澈透明，可以看到鱼儿游来游去。
  • The window glass is transparent.窗玻璃是透明的。
3 tighten 9oYwI     
v.(使)变紧；(使)绷紧
参考例句：
  • Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
  • Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策，以避免通货膨胀。

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