|
Taiwanese Central Bank Hikes Rates as Expected |
|
|
|
Asian Economy |
Written by CEP News |
Jun 26 08 12:54 GMT |
|
|
(CEP News) - As expected, the Taiwanese central bank hiked its main interest rate by 12.5 basis points to 3.625% on Thursday morning - its highest level in seven years - in an effort to cool inflation pressures.
In October, annual headline CPI peaked at 5.33% before retracing to 3.71% in May, while first-quarter GDP came in at 6.06%. By Erik Kevin Franco,
This email address is being protected from spam bots, you need Javascript enabled to view it
, edited by Stephen Huebl,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
