【Key words】 interest rate theory； monetary policy theory； monetary policy practice； interest rate policy；
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If put into practice carefully, a looser monetary policy could help to support lower interest rates and growth, argues Vladimir Werning of J.
ECONOMIST: Cavallo struggles to get a grip on Argentina��s economy
The argument is that although the Bank of England may theoretically be making autonomous decisions, in practice its freedom of action will be completely constrained by the monetary policy of the much larger euro zone.
ECONOMIST: John Bull stays at home
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