Written answers
Tuesday, 23 May 2006
Department of Finance
Economic Competitiveness
9:00 pm
Seán Ryan (Dublin North, Labour)
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Question 101: To ask the Minister for Finance his views on the implications for the economy of the expected increase in interest rates; and if he will make a statement on the matter. [19285/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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Interest rates are currently very low in historical terms, and the recent increases would appear to have had a limited impact on the economy so far. Future impacts depend on future increases and on the state of the EU and world economy generally at the time.
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