ECB

Until three years ago, the ECB was also easy to predict.

直到三年前, 欧洲央行同样很容易预测.

Instead, at the slightest increase of the short-term rate above the target rate the banks, especially the ECB, flooded the market with liquidity.

这些央行，尤其是欧洲央行，只是用比目标利率略高一点点的短期利率，向市场注入流动资金。

CPI remains above the ECB's target level on the back of surging commodity prices.

在商品价格飞涨的背景下，CPI高位运行，超过了央行目标水平。

Bild Zeitung, the German tabloid that once was so enamoured with Mr Draghi that it presented him with a Prussian spiked helmet, now thunders that the ECB has written "a blank cheque" to debtor countries.

德国小报《图片报》（bild zeitung）曾经对德拉吉钟爱有加，以至于送给后者一顶普鲁士尖顶头盔，但如今却炮轰欧洲央行给债务国开出“空白支票”。

That concern is haunting the European Central Bank ( ECB ).

这一担忧正困扰着欧洲央行 ( ECB ).

Under it, Spain and Italy would be eligible for the ECB to support their short-dated bonds, but only if they agreed to supervision from the European rescue fund.

根据该计划，西班牙和意大利将有资格获得欧洲央行对其短期债券的支持，但前提条件是它们需要接受欧洲纾困基金的监督。

Portugal's banks have also been tapping the European Central Bank ( ECB ) at a furious pace.

葡萄牙银行也已经向欧洲央行 ( ECB ) 乞讨.

ECB can be made of a test kit for detecting the samples containing alcohol.

可实现乙醇的微量化、快速化测定;ECB可 制成荧光毛细乙醇测试盒,用于含乙醇样品的测定.

Exiting would make ECB funding harder to get and dearer.

退出将加大获得欧洲央行资金的难度,并令其更弥足宝贵.

The ECB's gains from seigniorage are becoming increasingly important this year.

今年,欧洲央行从铸币税中获得的利益正变得越来越重要.

THE European Central Bank ( ECB ) believes it deserves a break.

欧洲央行相信它可以休息一会儿了.

We now have the ECB preparing to mop up most net bond issuance of eurozone governments through quantitative easing.

现在，我们看到欧洲央行准备通过量化宽松，把欧元区各国政府的净债券发行悉数吸收。

In the past few weeks, the ECB has expanded its programme of sovereign bond purchases and helped to plug a dollar funding gap for eurozone banks.

在过去几周里，欧洲央行扩大了国债购买计划，帮助欧元区银行填补了美元资金缺口。

An effort by the ECB to keep pace with capital flight would in time lead to ruinous inflation and an even more massive crisis.

欧洲央行试图跟上资本外逃速度的努力迟早会造成毁灭性的通胀，引发一场规模更大的危机。

The ECB yesterday made its fourth intervention since last Thursday, but the funding was reduced dramatically.

欧洲央行昨日进行了自上周四以来的第四次市场干预，但投入的资金数额已大幅减少。

Meanwhile, Greece would lose its vote in the ECB.

与此同时，希腊会失去在欧洲央行内的投票权。

The report also said the ECB should be willing to do more, including full-scale quantitative easing, if its recent monetary loosening measures fail to prevent a further slide towards deflation.

报告还表示欧洲央行应该有意愿做得更多，包括在最近放松货币政策的措施未能阻止进一步滑向通缩的情况下实行全面的量化宽松政策。

The crash of 2008 put paid to that bet as the ECB began to fiddle with its modest mandate, fuelling bitter internal disputes.

2008年金融危机让这场押注落空。欧洲央行开始胡乱地调整其有限的授权，在内部引发了激烈的争执。

The ECB, which acted at the very start of the financial turmoil on August 9 2007, will contribute to consolidate a confident economic environment by ensuring price stability in the euro area as we have done for more than a decade.

在2007年8月9日金融危机伊始就采取行动的欧洲央行，将通过确保欧元区价格稳定，为巩固一个自信的经济环境做出贡献&像过去十多年做的那样。

The ECB has an exIt'strategy from its non-standard measures in place.

欧洲央行目前拥有退出非常规措施的策略.

ECB The Electronic Codebook ( ECB ) mode encrypts each block individually.

ECB电子密码本 ( ECB ) 模式分别加密每个块.

The move follows a similar promise the ECB to flood the market with euros.

欧洲央行(ECB)也同样承诺为市场提供欧元.

If the banking crisis persists, the ECB may have to do likewise.

如果银行危机持续下去, ECB也许 不得不采取同样的措施.

The ECB and commercial banks would hold esdra bonds at par or with a modest discount, eliminating the current risk of a complete write-off.

欧洲央行和商业银行可按平价或小幅折价持有esdra债券，这就消除了它们目前面临的要将希腊债务一笔勾销的风险。

What makes this even more amazing is that the ECB had not bought a single bond at the time.

而更令人惊讶的是，欧洲央行那时还未曾购买任何债券。

That outcome also assumed the ECB would cut interest rates to zero.

该结果的假设条件,也包括欧洲央行(ECB)把利率调降至零.

Seven years on, the ECB enters the new year in eerily similar position.

七年过去了.新年来临之际, ECB面临的处境与当初惊人的相似.

But as the world emerges from the traumas of the past three years and discussion starts on a successor to Mr Trichet, whose term expires in October next year, is it time for an academic economist to take the reins at the ECB?

世界正在走出过去三年的创伤，人们已开始讨论谁将接替明年10月卸任的特里谢。那么，现在是否该由学院派经济学家来执掌欧洲央行了呢？

The European Central Bank ( ECB ) fears ice.

而欧洲央行 ( ECB ) 则担心会毁于冰.

On August 10 th the ECB supplied 61 billion euro.

在8月10日,ECB又注入了610亿欧元.