Taipei Times
Date: Sep 22, 2017
By: Crystal Hsu / Staff reporter
The central bank yesterday did not change its accommodative monetary policy for the
Central bank Governor Perng Fai-nan speaks at a news conference after the central bank’s quarterly meeting in Taipei yesterday. Photo: Wang Yi-sung, Taipei Times
fifth consecutive quarter, saying the economy remains mild and below its potential in the absence of inflationary pressures.
The move is intended to help support the nation’s export-focused economy that is expected to slow down in the coming months as low-base benefits fade away, following a 2.39 percent pickup in the first half, the bank said.
“The board decided to keep interest rates unchanged as global uncertainty might weigh on exports, while private investments slacken amid deteriorating operating conditions,” central bank Governor Perng Fai-nan (彭淮南) told a news conference after the bank’s quarterly policy meeting.
The bank’s rediscount rate is to remain at 1.375 percent, the collateralized loan rate at 1.75 percent and the unsecured loan rate at 3.625 percent. [FULL STORY]
