| 1. | Estimating demand for narrow money and broad money
估计对狭义货币及广义货币的需求 |
| 2. | Narrow definition of money
狭义货币供应 |
| 3. | Growth of hong kong dollar narrow and broad money diverged notably in 2002
年内，港元狭义货币与港元广义货币的增长出现明显分歧。 |
| 4. | Hong kong dollar narrow money grew considerably , while growth in broad money moderated during the year
港元狭义货币大幅增长，广义货币增幅则略为放缓。 |
| 5. | Broad money declined slightly in 2002 , while narrow money increased significantly , largely reflecting low interest rates
2002年广义货币供应量略为减少，狭义货币供应量则大幅增长，主要原因是利率偏低。 |
| 6. | The former reflected a low opportunity cost of holding non - interest bearing monetary assets and an increase in cash demand from mainland tourists
狭义货币增长，是因为持有不计息货币资产的机会成本偏低，以及内地游客增加令现金需求上升。 |
| 7. | Narrow money growth remained strong , owing to the low interest rates and high transaction demand for money arising from buoyant economic and stock market activities
由于利率处于低水平，加上经济与股市畅旺带动货币交易需求转强，因此狭义货币供应量增长维持强劲。 |
| 8. | Thereafter , growth of narrow money accelerated to reach a year - on - year rate of 13 per cent in december 2001 , substantially higher than growth in private consumption in nominal terms
其后，港元狭义货币的增长步伐加快，在二零零一年十二月，按年计增长率达13 % ，大大高于私人消费的名义增长率。 |
| 9. | Growth of narrow money significantly outpaced that of broad money , largely reflecting the reduced opportunity cost of holding narrow money because of the declines in interest rates
狭义货币供应增长速度远比广义货币增长快，主要是因为利率下调令持有狭义货币的机会成本减少。主要受到外币存款减少影响， 2001年 |
| 10. | The strong growth of the narrow money reflected in part a low opportunity cost of holding non - interest bearing monetary assets as well as an increase in cash demand associated with a rising number of tourists from the mainland
港元狭义货币增长强劲，部分原因是持有无息货币资产的机会成本偏低，以及内地来港旅客数目日增，令现金需求上升。 |
