By: George Liao, Taiwan News, Staff Writer
A written report by Taiwan’s Central Bank revealed on Wednesday hinted that the bank could cut interest rates for the third time in a row in a bid to uplift the country’s economy.
Central Bank Governor Perng Fai-nan is scheduled to make a report at the Legislature’s Finance Committee on Thursday. The written form of Perng’s report revealed a day earlier hinted that interest rates could be cut further.
The Central Bank’s two previous interest rate cuts have been helpful to boosting Taiwan’s economy, but influenced by conservative global economic outlook, the country will face strong challenges to achieve economic growth this year, the written report said. [FULL STORY]