By default this value is set to 5 which means the governor will change the frequency by 5 percent of the maximum or minimum frequency each time it makes a decision to change frequencies.

在默认情况下，这个值设置为5，这意味着，在每次决定调整频率时，调控器调整频率的幅度为最大或最小频率的百分之5。

youdao

In plain English, this would mean that the UK - and everyone else - would have a veto on any decision to set a ceiling or maximum on a given part of financial regulation.

BBC: A good deal for the UK - or the euro?