European Rate Mechanism

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
ERM
Pronunciation
/ˌjʊrəˈpiən reɪt ˈmɛkəˌnɪzəm/
Category
Regional
Related Field
Currencies

Examples in Context

  1. He described Britain's entry into the European Exchange Rate Mechanism as an historic move.
  2. The poll also revealed more than half of fund managers believe sterling is also overvalued, despite it falling 13 per cent against the euro in the last six months, its biggest fall since it was ejected from the European exchange rate mechanism in 1992.
  3. Exchange rate stability, meaning that for at least 2 years the currency has kept within the " normal " fluctuation margins of European Exchange Rate Mechanism ( ERM ).
  4. The came after it on Monday experienced its biggest one-day fall since its ejection from the European exchange rate mechanism in 1992.
  5. A Hungarian é migr é, he made more than $ 1bn in 1992 betting that the UK would be forced to devalue sterling and pull out of the European exchange rate mechanism.

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