Bloomberg News

TAIWAN DAYBOOK: Central Bank Leaves Discount Rate Unchanged

September 29, 2011

Sept. 30 (Bloomberg) -- Taiwan’s central bank left interest rates unchanged yesterday, ending five straight quarters of increases as price pressures ease and a faltering global recovery threatens its export-dependent economy.

The central bank kept the discount rate on 10-day loans to banks at 1.875 percent. Fourteen of the 17 economists surveyed by Bloomberg News predicted the decision. Three expected an increase to 2 percent.

--Janet Ong. Editor: Josh Fellman

To contact Bloomberg News staff for this story: Janet Ong in Taipei at jong3@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net


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