This was the reason why we added Exchange Fund paper to the Monetary Base to provide a cushion against this volatility.
为此，我们把外汇基金票据及债券加入货币基础内，容许贴现为总结馀，以减少拆息波动。And there may be consequential capital outflow through the Currency Board Account , with self- correcting implications for HIBOR .
这个情况可能会引致资金经货币发行局帐目外流，令香港银行同业拆息自动调整。Composite Interest Rate notes should be of interest to investors who prefer bond yields that are more stable than HIBOR .
综合利率债券对追求回报较香港银行同业拆息稳定的投资者应感兴趣。One indicator of how well the coordinated moves are working will be how the London interbank offered rate, or Libor, performs this week.
衡量全球协同举措效果的一个指标将是伦敦银行同业拆息（Libor）本周表现如何。the seller of the derivative- receives a previously agreed basis point spread over HIBOR, the local risk-free lending rate.
新鸿基金融--此款衍生品的卖家--将根据之前协议，得到高于香港银行同业拆息（IBOR，香港本地无风险贷款利率）定基点的利差。Many euro-zone corporate and household loans use those interbank rates as a benchmark.
许多欧元区公司和家庭贷款都以银行同业拆息为基准。Therefore it wants a substantial interest rate premium. That can be seen in the huge spikes in interbank lending rates.
因此，它会要求很高的利率溢价——这从银行间同业拆息的大幅上扬中就可以看出来。In spite of a drop in overnight rates, the cost banks charge each other to borrow beyond a month remained high.
尽管隔夜拆息利率有所下降，但1个月以上的银行间拆借利率仍处于高位。Overnight interest rates in the eurozone are now not much higher than in the US.
目前，欧元区的隔夜拆息比美国高不了多少。