Instead of trying to meet monetary targets, they use their own money to determine short-term interestrates.
他们使用自己所持有的货币来决定短期利率,而不再去试图实现货币目标。
2
He has also written that it is inconsistent for a central bank to discuss its policy on the basis of assumptions about interestrates that are not necessarily its own.
他同样也写到,由于央行未必基于利率假设而讨论其政策,因此才造成了不统一。
3
Article 31 a commercial bank should decide its owninterestrates and announce them in accordance with the upper and lower limits for deposit interest set by the People's bank of China.