Dáil Éireann Debate, Tuesday - 13 December 2005
102 Ms O’Sullivan asked the Minister for Finance his Department’s assessment of the implications for the economy here of the recent 0.25% increase in interest rates announced by the European Central Bank; and if he will make a statement on the matter. [39003/05]
View answerThe Irish economy is projected to grow at around its long-term sustainable growth rate of 4.5% to 5% over the next three years, as per the economic forecasts published in the stability programme update last week. The recent interest rate rise is unlikely to have a determining impact on this outlook. Its effect on inflation, through an increase in mortgage repayments, is incorporated in the consumer price index, CPI, projection of 2.7% in 2006.
