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Dáil Éireann debate -
Wednesday, 26 Mar 1958

Vol. 166 No. 8

Ceisteanna—Questions. Oral Answers. - Bank Rate.

asked the Minister for Finance if the bank rate will be immediately reduced in this country having regard to the steps taken to reduce the rate from 7 per cent. to 6 per cent. in England; and if he will consider authorising a greater reduction than the British reduction.

The banks are at present reviewing their rates and an announcement may be expected shortly. The Deputy may be assured that due consideration will be given to all aspects of the matter.

What does "shortly" mean, please?

I think the Deputy's knowledge of English is sufficient to convey the meaning of the word "shortly".

Does the Minister imply by "shortly" to-day, to-morrow or next week?

Nothing more than the adverb conveys to the Deputy.

It is not to the Deputy. It is for the House I am requesting the information.

No, the Deputy is asking it on his own behalf.

It is for the information of the House. To-day, to-morrow or next week?

Mr. Lemass

It is usual to make these announcements on a Saturday morning.

We can expect it next Saturday and not before?

Read the Sunday Press.

Excellent advice.

Would there be any possibility that the Sunday Press would be late on this occasion?

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