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Dáil Éireann debate -
Tuesday, 11 Jun 1963

Vol. 203 No. 6

Ceisteanna—Questions. Oral Answers. - Central Bank Rediscount Rate.

6.

asked the Minister for Finance the reasons for which the rediscount rate of the Central Bank of Ireland was raised on the 29th March, 1963, from 3.5/8 per cent. to 4.1/32 per cent.

I have no function in relation to the rate which the Central Bank fixes from time to time for re-discounting bills. I would, however, refer the Deputy to the Quarterly Bulletin of the Central Bank dated October, 1960, for a statement of how the bank operates its rediscount rate.

Could the Minister tell me whether or not that was published at all before the Quarterly Bulletin? I never saw it anywhere until I saw that bulletin.

I am told it was published.

I must have missed it, then.

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