Brendan Howlin (Wexford, Labour)
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Question 116: 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. [33084/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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Interest rates are currently low in historical terms, and the recent increases would appear to have had a limited impact on the overall 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.