Unless Mr. Lawson 's resignation leads to a change in British interest-rate policy -- Mrs. Thatcher 's administration firmly supports high interest rates [*] to keep inflation in check -- or [*] posturing toward full inclusion in the European Monetary System 's exchange-rate mechanism , Mr. Lawson 's withdrawal will have little long-term impact on exchange rates , Mr. Chandross concluded [0] [*T*-1] .
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