Taiwan's central bank on Thursday decided to retain its key interest rates unchanged as expected, citing fragile global economic conditions.
The Central Bank of the Republic of China (Taiwan) said it is maintaining the benchmark discount rate at 1.875 percent and the secured loan rate at 2.25 percent. The unsecured loan rate will also remain at 4.125 percent.
The central bank said the international organizations have recently cut the global economic forecasts, mainly on account of the debt crisis in Europe. The downside risks to the growth outlook are still high, it said.
The bank also noted that China's economic growth has also slowed down significantly over the past months.
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