适度从紧货币政策

1996年与1997年适度从紧货币政策的架构与变化

Structure and Change of Monetary Policy of an Appropriate Decrease in Credit in 1996 and 1997

第二，在坚持实行适度从紧货币政策的前提下，适当增加货币供应量，扩大中长期贷款。

- Appropriately increasing money supply while adhering to a moderately tight monetary policy , and expanding the issuance of long-term and medium-term loans .

预计2011年经济增长9.6%，增速略有回落；CPI上涨4%，通胀压力加大。在这种情况下，中国应实施积极的财政政策和适度从紧的货币政策。

It predicts that , in2011 China 's economic growth will slightly slow down to9.6 % while CPI will increase by4 % , leading to high inflation pressure .

适度从紧的货币政策

A relatively tight monetary policy

压紧辊，压实辊，压紧辊轮继承实行适度从紧的货币政策，搞好适时适度微调。

We should continue to carry out an appropriately stringent monetary policy make timely proper slight readjustment .

适度从紧的货币政策的效果在去年开始显现，房地产市场的开始步入盘整阶段。

The effect of moderately tight monetary policy since last year has worked : the real estate market has entered the phase of adjustment .

高积累政策、适度从紧的货币政策、稳定物价&零通胀政策、消费政策和固定汇率政策，在一定程度上导致了目前有效需求的不足。

The government has made some policies & the highest accumulation policy , properly tense currency policy and zero inflation policy , consuming policy and fixed exchange rate policy , which certainly produces the insufficiency of effective demand .

1994年开始适度从紧的货币政策，到1996年实现经济的软着陆；1997年发生东亚金融危机，为化解其不利影响，1998年人民银行采取了扩张性的货币政策；

The " moderately tightened " monetary policy began in 1994 , and the economy soft landed in 1996 . The East Asian financial crises erupted in 1997 . In order to offset its disbennifit , China 's central bank adopted expansionary monetary policy .