TIME FOR ACTION: The US Federal Reserve’s rate cut last week might push up the New Taiwan dollar, which could cause the central bank to step in to fend off speculation
Taipei Times
Date: Mar 12, 2020
By: Crystal Hsu / Staff reporter
The COVID-19 outbreak poses greater risks to Taiwan’s economic and consumer activity than
Central Bank Governor Yang Chin-long explains a chart at a news conference in Taipei on Dec. 19 last year.
Photo: CNA
Bank Governor Yang Chin-long (楊金龍) is to discuss the risks today at a meeting of the Legislative Yuan’s Finance Committee on the effects of the coronavirus.
The report comes exactly one week before the central bank’s quarterly board meeting, at a time when fears over the outbreak have driven peers in the US, the UK and elsewhere to cut interest rates to support economic growth. [FULL STORY]
