Liz McManus (Wicklow, Labour)
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Question 105: To ask the Minister for Finance his views on the implications for the economy here 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. [24935/06]

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 the scale of any further increases and on the state of the EU and world economy generally at the time.

Bernard Durkan (Kildare North, Fine Gael)
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Question 107: To ask the Minister for Finance if his Department has evaluated the likely impact of current or proposed interest rate increases with particular reference to future economic growth; and if he will make a statement on the matter. [24858/06]

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 the scale of any further increases and on the state of the EU and world economy generally at the time.