Focus Taiwan
Date: 2018/03/22
By: Chiu Po-sheng and William Yen
Taipei, March 22 (CNA) Taiwan’s economic growth rate for this year is projected to be
CNA file photo
2.58 percent, with the consumer price index (CPI) and core CPI set to grow at a pace of 1.27% and 1.26% respectively in 2018, according to the Central Bank’s forecast Thursday.
At its quarterly policymaking meeting, held the same day, the bank decided to keep its benchmark discount rate at 1.375 percent while leaving its rates on accommodations against secured loans and on temporary accommodations unchanged at 1.75 percent and 3.625 percent, respectively.
It was the seventh consecutive quarter the bank has declined to change its key interest rates, a decision that was widely expected at the first policymaking meeting under new bank Governor Yang Chin-long (楊金龍), who took office in February.
According a Central Bank press release, for the year to date, exports have risen adequately while capital equipment imports have decreased only slightly. [FULL STORY]
