Taiwan's central bank on Thursday decided to keep its interest rates unchanged as inflationary pressures continued to subside. The decision was in line with economists' forecast.
The Central Bank of the Republic of China (Taiwan) left the rediscount rate on 10-day loans to banks unchanged at 1.875 percent. The bank had raised interest rates regularly until the quarter ending September 2011.
The secured loan rate will remain at 2.25 percent and the unsecured loan rate will remain at 4.125 percent, the bank said.
Taiwan's consumer price annual inflation eased sharply to 0.25 percent in February from 2.37 percent in January, while wholesale price inflation slowed to 1.92 percent from 4.38. The Taiwanese economy expanded 4.03 percent in 2011, sharply slower than the 10.72 percent growth recorded in 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.