Ireland plans to apply for OMT, but not yet - finance minister

LONDON (Reuters) - Ireland plans to apply for the European Central Bank's bond purchase plan, dubbed Outright Monetary Transactions (OMT), but is not ready to do so yet, its finance minister Michael Noonan said on Thursday.

"The OMT arrangement is an option, in due course, which we will probably apply for, but we have no plans to do so yet," Noonan told a Bloomberg event in London.