If these premiums are constant over time, the central bank can still determine long-term interest rate via changing (market agents' expectations regarding future) short-term interest rates.

如果这些溢价随时间保持不变的话，央行仍然可以通过调整(市场参与者对未来预期的)短期利率来左右长期利率。

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If these premiums are constant over time, the central bank can still determine long-term interest rate via changing (market agents' expectations regarding future) short-term interest rates.

如果这些溢价随时间保持不变的话，央行仍然可以通过调整(市场参与者对未来预期的)短期利率来左右长期利率。

youdao