Studies show that countries with an independent monetary authority (like the Bank of Canada) that can, free from political pressure, take actions to increase interest rates when necessary have Blank______. Multiple choice question. higher rates of inflation, on average, than countries that have more central bank independence lower rates of inflation, on average, than countries that have little or no central bank independence lower rates of inflation, on average, than countries that have more central bank independence higher rates of inflation, on average, than countries that have little or no central bank independence