Eamon Gilmore (Dún Laoghaire, Labour)
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Question 47: To ask the Minister for Finance his views on the implications for the Irish economy of the recent quarter point increase in interest rates announced by the European Central Bank; and if he will make a statement on the matter. [12375/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The Irish economy is projected to grow at around its long-term sustainable growth rate of 4.5% to 5% over the next three years, as per the economic forecasts published in the stability programme update last December. The recent interest rate rise is unlikely to have a significant impact on this outlook.