John Gormley
Question:59 Mr. Gormley asked the Minister for Finance the current Government policy position as to the preferred exchange rate, or band of rate, for the Irish Punt vis-à-vis Sterling, the Deutschmark and the US Dollar. [1805/98]
Vol. 486 No. 1
59 Mr. Gormley asked the Minister for Finance the current Government policy position as to the preferred exchange rate, or band of rate, for the Irish Punt vis-à-vis Sterling, the Deutschmark and the US Dollar. [1805/98]
The objective of the Government's exchange rate and monetary policy is price stability within the exchange rate mechanism of the European Monetary System. Reliably low inflation is central to the Government's policy of securing the maximum sustainable economic and employment growth, inter alia, by ensuring moderate wage developments. Our recent inflation performance has been excellent.