Taiwan's central bank expected to keep interest rate unchanged.

By bne IntelliNews December 22, 2009
According to the Taipei Times , Chung-Hua Institution for Economic Research Director Wang Lee-rong stated recently that Taiwan's central bank was likely to keep its key interest rate unchanged at 1.25% at the next review on Thursday. Lee-rong said that the central bank was unlikely to increase the key rate since the economy had just started showing signs of stability. Separately, Polaris Research Institute President Liang Kuo-yuan said that in view of the country's low rate of inflation, the central bank was unlikely to increase its key rate unless there were signs of an asset bubble. According to the forecast of the Directorate-General of Budget, Accounting and Statistics (DGBAS), the country's inflation would contract by 0.63% this year and increase by 0.92% next year.

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