Why now is the time for the UK to join the euro

Just when nobody is expecting it, now could be a good time for the British government to announce its intention for the UK to join the euro area, says Robert Pringle, the editor-in-chief of Central Banking journal.

For the UK, joining the euro area would make sense economically and have political attractions. Economically, if the proposal were credible, it would enable the Bank of England to gradually bring down sterling interest rates by at least 1% - at present three-month sterling Libor rates

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