Central bank hints at no rate increase

UNCHANGED? The bank is likely to hold rates steady for an 11th consecutive quarter, assuming economic conditions remain the same as last quarter, Yang Chin-long said

Taipei Times
Date: Mar 08, 2019
By: Crystal Hsu  /  Staff reporter

Central bank Governor Yang Chin-long (楊金龍) yesterday said that there is no need to adjust interest rates if economic conditions remain the same as three months earlier.

“Guided by economic data at home and abroad, the central bank decided to leave policy rates unchanged in December last year… I do not see reasons for a change if the state of the economy is about the same,” Yang said at a meeting of the Legislative Yuan’s Finance Committee in Taipei.

The central bank is to review policy rates at its quarterly board meeting on March 21, after holding the rediscount rate steady at 1.375 percent for the past 10 quarters.

Research institutes have voiced similar views, saying an economic slowdown and mild inflation would give the central bank room to maintain its lenient monetary policy to help support the economy.

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