Taiwan's GDP growth will fall below 2% in 2020: Central Bank
By: Matthew Strong, Taiwan News, Staff Writer
The 0.25-percent cut for the discount rate ended a string of 14 quarterly meetings which decided to leave interest rates unchanged, media reported. The Central Bank met as President Tsai Ing-wen (蔡英文) called for calm on the stock market and the National Stabilization Fund was reported to prepare intervention.
At the same time, the Central Bank also revised its forecast for the country’s Gross Domestic Product growth for 2020 to 1.92 percent, ending hopes that it might stay above 2 percent, CNA reported. [FULL STORY]