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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1320 |
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This determination cannot be subcontracted to an ECB.
Low interest rates
A European central bank will focus on economic conditions across the community and so will have a less volatile interest rate policy than the Bank of England, or other central banks. The credibility that attaches to the monetary policy of a European-wide central bank will render the
Euro a strong currency and thus permit lower interest rates than at present within the UK ? investment and growth are obvious beneficial consequences...
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The credibility that attaches to the monetary policy of a European-wide central bank will render the
Euro a strong currency and thus permit lower interest rates than at present within the UK ? investment and growth are obvious beneficial consequences.
In addition, the elimination of exchange rate fluctuations has a positive impact on intra-European trade and a further downward impact on the level of interest rates...
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