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Taiwan's central bank leaves interest rates unchanged

2018/06/21 20:17:39

Taipei, June 21 (CNA) Taiwan's central bank said Thursday it has decided to keep its key interest rates at the current levels to allow for more a sustained economic recovery.

At the conclusion of its quarterly policymaking meeting, the bank said the discount rate will remain at 1.375 percent, the rate on accommodations with collateral at 1.750 percent, and the rate on accommodations without collateral at 3.625 percent.

It is the eighth consecutive quarter that the bank has left interest rates unchanged, a decision that was expected by market analysts, who have said that while the local economy is on the road to recovery, the momentum is not yet strong enough for the central bank to raise interest rates.

Some financial experts, however, are predicting that the central bank will raise interest rates in the third or fourth quarter of the year.

Meanwhile, the central bank is planning to live stream its quarterly policymaking meetings on its YouTube channel to keep the public informed.

The livestream plan is seen as the first bold move by the bank since Yang Chin-long (楊金龍) became its governor in February following the retirement of Perng Fai-nan (彭淮南).

(By Chiu Po-sheng and Ko Lin)