Thursday, March 31, 2011

Taiwan Central Bank Raises Rate 12.5bps to 1.75%

The Central Bank of the Republic of China (Taiwan) raised its discount rate 12.5 basis points to 1.750% from 1.625% as it sought to normalize monetary policy settings. The Bank also raised the secured loans rate 12.5 basis points to 2.125% from 2.000% and the unsecured loans rate 12.5 basis points to 4.000% from 3.875%. Taiwan reported consumer price inflation of 1.3% in February, up slightly from 1.1% in January this year. The Bank noted that "the Directorate-General of Budget, Accounting, and Statistics (DGBAS) projects a 4.92% annual GDP growth for Taiwan this year", and also commented that inflation is likely to rise above 2.0% this year.


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