Now we have succeeded in disinflation and enjoyed low inflation 低通货膨胀显示货币政策好处的同时，也给货币政策带来挑战。
2.
Not to be confused with disinflation , which is a slowing down of price rises ( a fallin the inflation rate ) 不可与通胀减速混淆，后者指物价上升速度放慢（即通货膨胀率减低） 。
3.
Deflation in 1998 and 1999 disinflation was already underway when the asian financial crisis plunged hong kong into an economic recession 亚洲金融危机之后，本港进入经济衰退，原本通胀下调的趋势更形加深。
4.
To secure the trend of disinflation , the sar government should further enhance competitions , particularly in telecommunications , fuels , and transportation , etc 特区政府也应该致力引入竞争，尤其在通讯、燃油，和运输等行业。这样，低通胀的趋势便可延续。
5.
From 1998 to now , the sane monetary policy being carried out in our country has played an important role in promoting economy growth , while there is a long distance from the effect of monetary policy to its target of changing disinflation and enlarging domestic demand . although there are many reasons , a key reason is that monetary policy transmission mechanism is not smooth . the paper discussed mainly the factors that restrict our country monetary policy transmission mechanism and put forth the corresponding innovation measures 1998年以来，我国执行的稳健货币政策对推动我国经济增长起到了一定作用，但距离实现治理通货紧缩、拉动内需的政策目标还有一定距离，原因是多方面的，但货币政策传导机制的不通畅是其中一个极其重要的原因。本文着重探讨了制约我国货币政策传导的因素，并提出了相应的改革措施。
