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Brown Brothers Harriman\u8868\u793a\uff0c\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u5c06\u4e8e\u5468\u56db\u516c\u5e03\u51764\u670830\u65e5\u51b3\u7b56\u7684\u4f1a\u8bae\u7eaa\u8981\uff08\u4f1a\u8bae\u8bb0\u5f55\uff09\uff0c\u9884\u8ba1\u4f1a\u66f4\u6e05\u695a\u8bf4\u660e\u51b3\u7b56\u8005\u662f\u5426\u4ecd\u503e\u5411\u201c\u6536\u7d27\u653f\u7b56\u201d\uff08tightening bias\uff1a\u66f4\u613f\u610f\u52a0\u606f\u6216\u7ef4\u6301\u504f\u9ad8\u5229\u7387\u6765\u538b\u901a\u80c0\uff09\u3002\u5728\u90a3\u6b21\u4f1a\u8bae\u4e0a\uff0cECB\u8fde\u7eed\u7b2c\u516b\u6b21\u628a\u5229\u7387\u7ef4\u6301\u57282.00%\u4e0d\u53d8\uff1b\u4e0d\u8fc7\u5e02\u573a\u5b9a\u4ef7\u4ecd\u663e\u793a\uff0c6\u670811\u65e5\u4f1a\u8bae\u628a\u5229\u7387\u4e0a\u8c0325\u4e2a\u57fa\u70b9\uff08bp\uff0c\u57fa\u70b9\uff1a\u5229\u7387\u53d8\u52a8\u5355\u4f4d\uff0c1bp=0.01%\uff0c25bp=0.25\u4e2a\u767e\u5206\u70b9\uff09\uff0c\u628a\u5229\u7387\u63d0\u9ad8\u52302.25%\u7684\u6982\u7387\u4e3a86%\u3002<\/p>\n

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