Narrow Band

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August 31, 2024 5 min read Definitions
Narrow-Band ERM: An Integral Component of the Exchange Rate Mechanism
Economics Finance Exchange Rate Mechanism European Monetary System Currency Fluctuation Narrow Band International Finance
Narrow-Band ERM refers to the relationship between members of the European Monetary System's Exchange Rate Mechanism (ERM) who agreed to limit fluctuations of their currencies relative to those of other members to 2 per cent, in contrast to countries like the UK and Italy, which were allowed a 6 per cent margin.
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