Central bank keeps rates unchanged

Taipei Times
Date: Mar 24, 2017
By: Crystal Hsu / Staff reporter

The central bank yesterday kept its lenient monetary policy unchanged for the third

Central bank Governor Perng Fai-nan, second left, speaks at a news conference in Taipei yesterday following the bank’s quarterly board meeting. Photo: Peter Lo, Taipei Times

consecutive quarter, saying the nation’s output gap continued to widen due to a persistent lack of innovation and investment, despite a stable economic recovery.

“Although crude oil and raw material prices will trend up, the inflation outlook remains benign, leaving room for stimulus measures to prop up the economy,” central bank Governor Perng Fai-nan (彭淮南) told a news conference after the bank’s quarterly board meeting.

The bank’s rediscount rate was left unchanged at 1.375 percent, the collateralized loan rate at 1.75 percent and the unsecured loan rate at 3.625 percent.   [FULL  STORY]

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