A country that pegs its currency is still able to maintain complete control over its local interest rates.

Name: A country that pegs its currency is still able to maintain complete control over its local interest rates.
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Question

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When a country pegs its currency to another, it must align its interest rates with those of the currency to which it is pegged to maintain the peg, thus losing control over its own interest rates.

A Country That Pegs Its Currency Is Still Able to Maintain