Bloomberg News

Taiwan Central Bank Says Global Inflationary Pressure Is Easing

October 03, 2011

Oct. 3 (Bloomberg) -- Global inflationary pressure is easing as the world economic recovery slows, Taiwan’s central bank said in a report released today, which Governor Perng Fai- nan will present to parliament on Oct. 5.

Demand for the U.S. dollar has contributed to a decline in Asian currencies, the central bank said, while reiterating it will step into the market to curb irregular swings in the Taiwan dollar. Taiwan’s real-estate market has cooled since June, the central bank also said.

To contact the reporter on this story: Chinmei Sung in Taipei at csung4@bloomberg.net

To contact the editor responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net


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