Whether it is desirable or not to publish the appropriate path of future policy rates in achieving the goals of the mandate depends on judgments regarding noise in public information, the limits of transparency, the possibility of distorted communication and our limited knowledge about structural changes in the economy. Communication policy 13.
In addition, it will become relatively more costly for international investors to invest in Danish credit institutions. Inside the Banking Union, investors will have to study one single rulebook and the ECB’s implementation of this rulebook before assessing which of the many banks within the Union to invest in. We will be a small country outside the Banking Union.