Sentence examples for large devaluation from inspiring English sources

This time, a large devaluation would be much less benign than in 1992, for at least three reasons.

Now, although a large devaluation of the pound was necessary at some stage, it is unfortunate that it should have come so abruptly, and that some policymakers have been a little too enthusiastic about it in their public comments.

In the absence of such support, Grexit would be the equivalent of announcing a large devaluation more than 18 months in advance: a recipe for liquidating all Greek capital stock and transferring it abroad by any means available.

The obvious way to get there is through a large devaluation; yes, in the end this probably does come down to cheap deals that attract lots of British package tours.

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.

But China has been keeping its currency pegged to the dollar — which means that a country with a huge trade surplus and a rapidly recovering economy, a country whose currency should be rising in value, is in effect engineering a large devaluation instead.

All have had large devaluations.

"Countries leaving the eurozone under duress would suffer large devaluations and be unable to service euro-denominated debts.

There were frequent large devaluations inside the ERM, which did not include the pound at all until 1990.

The peso was the subject of large devaluations in 1976 and 1994.

Since the return of democracy, the country has experienced two hyperinflations, several defaults and restructurings of its debt, many large devaluations, periods of persistent high inflation, deflation, introduction of parallel currencies, and deep economic crises.