调整货币 meaning in English

realignment of currencies

This is broadly speaking the way in which changes in the monetary policy instrument , where these can be contemplated , bring about the macroeconomic effects that they are designed to produce
我们讨论货币政策时往往会提到它的传导机制。大体上来说，这是指调整货币政策工具以达致预期宏观经济效果的过程。
And it is not difficult to envisage a situation where higher interest rates to curb inflation could lead to large capital inflow and the associated monetary consequences that defeat the original purpose of the monetary policy change , or to exchange rate overshooting that puts financial stability at risk
大家不难想像到，为遏抑通胀而调高利率，可能会造成大量资金流入及相关的货币影响，以致抵销了当初调整货币政策工具的预期效果，亦可能引发汇率过度调整，影响金融稳定。