After Italy left the European Exchange rate Mechanism (ERM) and devalued its currency in 1992, for example, it suffered from volatile swings in interest rates due to a lack of investor confidence.

自从1992年意大利退出欧洲汇率机制(ERM)并将自己的货币贬值后，由于投资者信心不足，利率上下波动。

youdao

The interest rate hike under the autopilot mechanism has inevitably inflicted some pain on the economy, in particular the asset markets which showed signs of exuberance before the October episode.

在自动调节机制下，利率飙升，无可避免会对经济带来痛楚，尤其在十月事件前已经表现得过度膨胀的资产市场，所承受的痛楚便更为厉害。

youdao

There are different time lags on interest rate transmission mechanism.

利率传导机制还存在时滞效应。

youdao

This involved day-to-day rigging of Barclays' submission to the mechanism that sets this key inter-bank interest rate.

BBC: The strange silence and an absence of information