asked the Minister for Finance whether in view of international trends towards higher interest the bank rate here is likely to remain at its present level; and if the Central Bank have been considering this matter.
Ceisteanna—Questions. Oral Answers. - Bank Rate.
5.
Mr. O'Leary
If the Deputy has in mind the rediscount rate of the Central Bank, I can give no advance information about any pending change. The rate is normally fixed at monthly intervals by reference to the arrangements relating to public issues of Exchequer Bills. The rediscount rate is continually under review by the Central Bank and was changed in January and February of this year. The present rediscount rate of 5? per cent will be reconsidered this week following the issue of Exchequer Bills on 25th March.