Exchange Rate Policy (Hansard, 30 October 2001)

HC Deb 30 October 2001 vol 373 c639W 639W

§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer if he will make a statement on his exchange rate policy. [10508]

§ Ruth Kelly
The Government do not have a target for sterling, but a stable and competitive rate is sought over the medium term, consistent with the objective of price stability. The way to ensure long-term exchange rate stability is through the pursuit of sound macroeconomic policies aimed at achieving sustained growth and low inflation.