Under sticky prices Group of answer choices an interest rate rise is associated with lower expected inflation and a long-run currency depreciation, so the currency depreciates immediately. an interest rate rise is associated with lower expected deflation and a long-run currency appreciation, so the currency appreciates immediately. an interest rate rise is associated with lower expected inflation and a long-run currency depreciation, so the currency appreciates immediately. an interest rate rise is associated with lower expected inflation and a long-run currency appreciation, so the currency appreciates immediately. an interest rate rise is associated with higher expected inflation and a long-run currency appreciation, so the currency appreciates immediately.