Of course, the short-term interest rate isn't the cost of capital; the long-term interest rate is.
当然,短期利率不是资金成本;长期利率才是。
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。
Auction rate notes gave municipalities, universities, museums and other issuers a vehicle to borrow long, but pay a shorter term interest rate.
当自治区、大学、博物馆等其他机构需要长期租借物品时,拍卖利率债券可以使你以短期利率支付利息。
Adjustable rate mortgages have a long term -they might last for thirty years -but the interest rate is not fixed for the whole thirty years.
可调利率抵押贷款的期限很长,也许会长达30年,但是利率在30年间并不是固定的
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