Calm yourselves down . you will find , as has been the case for over eighteen years , that our currency will remain stable , against the us dollar , at the fixed exchange rate of 7 . 80 原因是无论如何，港元与美元汇价仍会继续维持稳定，就如18年以来在每美元兑7 . 80港元联汇制度下的情形一样。
The concern comes when price deflation , as part of the adjustment process under the link , turns into the kind of spiralling deflation that inhibits investment and fuels recession 物价下调是联汇制度下的调整过程的一部分，若物价下调演变为急剧的通缩，妨碍投资及加剧衰退，我们便需要忧虑。
He expressed doubt about claims that price deflation , as part of the adjustment process under the link , might turn into the kind of spiralling deflation that inhibited investment and fueled recession 他又怀疑联汇制度下物价下调这个调整过程会演变为急剧的通缩，妨碍投资及加剧衰退这种看法。
Hong kong is able to sustain the link because it has a flexible economic structure , a robust banking sector , adequate foreign reserves , and a credible and transparent monetary system 由于本港经济结构灵活多变，银行体系稳健，外汇储备充足，货币制度具公信力及透明度，使本港能够维持联汇制度。
The rises in the forward premium were most notable in march and october , and were largely attributable to concerns about the widened budget deficit and renewed public concerns about the link 远期汇率溢价在3月及10月的升势最明显，主要原因是财政预算赤字扩大引起忧虑及公众再度关注联汇制度。
Hong kong is able to sustain the link because it has a flexible economic structure , a robust banking sector , adequate foreign reserves , and a credible and transparent monetary system 由于本港经济结构灵活多变，银行体系稳健，外汇储备充足，货币制度具公信力及透明度，使本港能够维持联汇制度。
