Sentences with phrase «large devaluation»
The phrase "large devaluation" refers to a significant decrease in the value of something, usually a currency. It means that the worth of the currency has gone down by a significant amount compared to other currencies or goods. Full definition
Yetsenga said that a one - off, large devaluation, which some commentators were forecasting, would not be an effective strategy.
cnbc.com
We expect a further gradual decline in China's currency against the U.S. dollar in 2017, but a large devaluation is not our base case.
Are you afraid of a large devaluation in...
First, the Bank of England would not cut interest rates after a Brexit devaluation (as it did in 1992 and also after the large devaluation of 2008) because interest rates are already at the lowest level compatible with the stability of British banks.
Simply put, the loss of this benefit represents a large devaluation of the card.