Central bank’s report hints at another interest rate cut: analysts

Taiwan News
Date: 2016-06-01
By: Central News Agency

Taipei, June 1 (CNA) The latest report on the state of the financial market by the local central bank hinted that the bank will lower its key interest rates again at the upcoming policymaking meeting scheduled for later this month, analysts said Wednesday.

“The local economy remains weak although the central bank has cut interest rates for the third consecutive quarter in its policymaking meeting held in late March,” MasterLink Securities analyst Tom Tang said.

“The latest financial report indicated that it is possible for the central bank to cut interest rates by 0.125 percentage points again later this month to give a boost to the local economy,” Tang said.

At the previous policymaking meeting, the central bank cut its interest rates by 0.125 percentage points for the third quarter in a row with the discount rate falling to 1.500 percent, the rate of accommodations with collateral to 1.875 percent and the rate of accommodations without collateral to 3.750 percent.     [FULL  STORY]

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