| 1. | Besides , some of the earlier inflows were reversed as the interest rate differential started to narrow since late november
此外，随十一月下旬利率差距收窄，较早前因利息高企而被吸引流入的部分资金掉头撤走。 |
| 2. | If the short - term deviations in interest rates are restricted to the wholesale market , chiefly the interbank market , there is not much to worry about
若这种短期利率差距只限于在批发市场，即主要是银行同业市场出现，则大家不用太过担心。 |
| 3. | As local interest rates rose , the differential between hong kong dollar interest rates and us dollar interest rates widened , reflecting the perceived " asian risk premium "
亚洲风险溢价本地利率趋升，令港元利率与美元利率差距扩阔，反映市场存在亚洲风险溢价。 |
| 4. | Few people would consider whether they would face hardship if the short - term interest rate deviations dissipated or even turned from a discount into a premium
然而，很少人会想到一旦港美短期利率差距消失，甚至由折让转为溢价，促使银行调高按揭利率时，他们便可能会面对困难。 |
| 5. | The range of interest rates offered is quite wide to begin with , but this is expected to narrow gradually as banks , in the light of experience , become better placed to price the service
各银行存款利率之间的差距颇大，但预计日后银行取得较多经验后将能更有效地厘定息率及收费，使利率差距收窄。 |
| 6. | The differential between long - term interest rates also increased . the spread between 5 - year exchange fund notes and the corresponding us treasuries , for instance , rose from 49 bp at end - 1996 to 356 bp at end - 1997
长期利率差距也有所增加五年期外汇基金债券与同期美国国库券的息差由一九九六年底的49个基点，扩阔至一九九七年底的356个基点。 |
| 7. | When the hopefully temporary deviations are removed , either by the market on its own or by deliberate actions on our part , the return of our interest rates to normal , that is , back to convergence with us interest rate levels , may be a sudden and disruptive one
当这些相信是暂时性的利率差距消除后无论是市场自我平衡或因为金管局的行动造成也好，港元利率回到正常水平，即贴近美元利率水平的过程可能会来得很突然，造成不利影响。 |
| 8. | Managing interest rate and other risks is something they do every day . of slightly greater concern is the possibility that interest rate deviations at the wholesale level might be transferred to the retail level , in which case many more in the community depositors and borrowers will be affected
比较令人关注的是，如果在批发层面的利率差距转移至零售层面，那么存款人及借款人都会受到影响，恐怕他们未必会像银行那样善于管理利率风险。 |
| 9. | Since the stance of us monetary policy is expected to tighten further this year , interest rate arbitrage activity will likely trigger outflows . this would normalise our monetary conditions and allow hong kong dollar interest rate to move closer to those of the us dollar
由于预期美国今年将会进一步收紧货币政策，扩大港元与美元间的利率差距，因此利率套戥活动可能会引发资金外流，而这将会使本港的货币状况回复正常，并使港元利率较贴近美元利率。 |
| 10. | Although higher lending rates may suit current macroeconomic conditions , a required deposit reserves forming a significant proportion of the total assets of banks does mean a bigger - than - usual gap between deposit and lending rates , implying a loss for depositors because of a relatively low deposit interest rate and borrowers in terms of relatively high interest rate on bank credit
虽然提高贷款利率或许与目前的宏观经济状况相符，但存款准备金占银行总资产的一大部分，存贷款的利率差距或会因而较正常为大，亦即是说存户由于存款利率相对偏低与借款人由于银行信贷利率相对偏高都蒙受损失。 |
