English version

ERM in Finance topic

From Longman Dictionary of Contemporary EnglishERMERM /ˌiː ɑːr ˈem/ noun [singular, uncountable]  BFthe abbreviation of exchange rate mechanism
Examples from the Corpus
ERMRates reached 9% in September 1992 following sterling's withdrawal from the ERM and have fallen further since then.In the ERM, currencies are not allowed to move outside their bands.He fought to put the pound into the ERM two years ago, defeating ex-Premier Mrs Thatcher over the issue.And in 1990, a Conservative Government joined the ERM.If Britain is to return to the ERM - as it should - it will need flexibility under all three headings.The ERM could provide a stronger framework for the maintenance of a stable currency.The ERM is a high-unemployment club, with a slow growth rate.