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European Central Bank

Volume 405: debated on Friday 16 May 2003

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To ask the Chancellor of the Exchequer what discussions he has had with his counterparts in the European Union about the establishment of a smaller committee of the European Central bank for setting interest rates. [114101]

The recommendation on the voting modalities of the European Central bank's governing Council was discussed by ECOFIN on 7 March 2003. The Council, in the composition of Heads of State or Government, adopted a decision on the voting modalities of the European Central bank on 21 March 2003.