Helped by the above clarification as well as an inflow of funds , interbank term rates started to come down since the latter part of november 金融管理局作出了上述澄清后,再加上一直有资金流入,长期资金的同业拆息自十一月下旬开始回顺。
Inflows and outflows of funds will not immediately cause volatility in the interbank interest rates , unlike when the exchange rate is fixed at one number 与汇率只固定在一点上的情况不同,现在资金流入或流出不会即时令银行同业拆息波动。
Operating under the rule - based currency board system , the aggregate balance will vary in accordance with the flow of fund into and out of the hong kong dollar 在规范化的货币发行局制度下,总结馀会因应资金流入及流出港元而增加或减少。
Short - term deviations do occur , however , when for one reason or another there is substantial flow of funds into or out of the hong kong dollar 然而,基于不同的原因而有大量资金流入或流出港元时,便会出现港元利率短暂偏离美元利率的情况。
There will , i am sure , continue to be large flows in and out , for as long as the reform of the renminbi exchange rate system is still on the agenda 我深信只要有关人民币汇率制度的改革仍然是市场关注的焦点,就继续会有大的资金流入及流出港元。
Then , the only mechanisms for dealing with the substantial inflow of funds into the hong kong dollar were exchange market intervention and the threat of negative interest rates 当时若有大量资金流入港元,应付方法就只有干预汇市及实施负利率。
An accumulation of foreign exchange reserves by the exchange fund represents a capital outflow which offsets a private sector net inflow and a depletion represents a capital inflow 抵销私营部门的净资金流入相反,外汇储备减少,便代表资金流入。