HC Deb 14 April 1999 vol 329 c251W
Mr. Mitchell

To ask the Chancellor of the Exchequer what is his policy on the exchange rate between sterling and the deutschmark. [80404]

Ms Hewitt

The Government's aim is for a stable and competitive exchange rate over the medium term, consistent with the objective of price stability. The only sure path to long-term exchange rate stability is through the pursuit of macroeconomic policies aimed at achieving sustained growth, sound public finances and low inflation.