ECB's policy rule does not fit all

Euro policy rates best fit the largest eurozone members, research from the Bank of Finland posits.

The research shows that national economies inside the euro area are very heterogeneous and that the European Central Bank's (ECB) policy rule best fits the economic conditions of France and Germany, the two biggest economies in the bloc. It also finds that Austria and Belgium, who have similar economic conditions as the first two, are well served by the central bank's policy rates. "Had other

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