WAIT-AND-SEE:
Maintaining the current policy rate would help support economic and financial stability in light of developments at home and abroad, the governor said
By Crystal Hsu / Staff reporter
The central bank yesterday kept its benchmark interest rate unchanged, , maintaining a cautious stance as it balanced a still-subdued inflation outlook against persistent global geopolitical and financial uncertainty, including tensions in the Middle East.The decision was widely expected and extends a wait-and-see approach amid uneven global conditions.The bank left the discount rate at 2 percent, the secured lending rate at 2.375 percent and the short-term accommodation rate at 4.25 percent.
Central bank Governor Yang Chin-long points to a board at a news conference following the bank’s quarterly meeting in Taipei yesterday.
