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Taiwan's central bank forecast to maintain key interest rates
Central News Agency
2014-03-10 11:48 AM
Taipei, March 10 (CNA) The Central Bank of the Republic of China (Taiwan) is unlikely to raise its key interest rates at its next quarterly policymaking meeting later this month, since inflationary pressure is low, according to Australia and New Zealand Banking Group (ANZ). If the central bank has not changed its interest rates in the past 10 quarters. "We maintain our view that the central bank will remain on hold in the near term," ANZ said in a research note, citing the fact that Taiwan's consumer price index (CPI) registered a slight annual drop in February. The February CPI fell 0.05 percent year-on-year as a result of a high comparison base in the same month in 2013, when the Lunar New Year was celebrated. The CPI rose by an annual 0.39 percent in the first two months of this year, official statistics showed. In addition, central bank governor Perng Fai-nan was quoted as saying that the central bank will consider the macroeconomic fundamentals and inflation in its decision on policy rates, ANZ said. (By James Lee)
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