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(单词翻译)
The level of interest rates is set in order to achieve a certain rate of inflation. This target rate is decided1 by the Chancellor2. Therefore although the bank can decide the level of interest rates without any interference, the macroeconomic position is guided by an elected politician who is responsible to the country. The Bank also deals in the foreign exchange market.
收听单词发音
1
decided
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| adj.决定了的,坚决的;明显的,明确的 | |
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2
chancellor
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| n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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