Longman Dictionary of Contemporary English
exchange rate mechanism
noun
EXAMPLES FROM CORPUS
▪ David Prosser, chief executive, said withdrawal from the exchange rate mechanism and interest cuts had greatly improved business prospects.
▪ Ford blamed the rises on the fall in the pound since the Government pulled out of the exchange rate mechanism in September.
▪ It seems, however, that the decision to withdraw sterling from the exchange rate mechanism has paid dividends.
▪ Nigel Lawson rightly wanted to join the exchange rate mechanism two years ago - as did Sir Geoffrey Howe.
▪ The exchange rate mechanism is a discipline to reduce inflation.
▪ The exchange rate mechanism is a voluntary prototype for a single currency.
▪ The obvious parallel is with the reaction to Britain's entry into the exchange rate mechanism 18 months ago.
▪ Will he please grant an urgent debate on the specific subject of the exchange rate mechanism?