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Taiwan Central Bank Retains Key Rate

3/22/2012 5:10 AM ET

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.

by RTT Staff Writer

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