Economic Policy.

Dáil Éireann Debate, Tuesday - 6 December 2005

Tuesday, 6 December 2005

Ceisteanna (192)

Bernard J. Durkan

Ceist:

232 Mr. Durkan asked the Minister for Finance if the Government’s high wage economic policy driven by high property values is likely to be sustainable in the future having regard to likely interest rate increases; and if he will make a statement on the matter. [38216/05]

Freagraí scríofa

Minister for Finance (Mr. Cowen)

I do not accept the contention in the Deputy's question. All commentators agree that Ireland has a sustainable potential growth rate of close to 5%. This potential growth rate is not materially affected by the increase in interest rates referred to.