{"id":28497,"date":"2012-03-23T14:26:00","date_gmt":"2012-03-23T18:26:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/23\/taiwan-central-bank-holds-rate-at-1-875\/"},"modified":"2012-03-23T14:26:00","modified_gmt":"2012-03-23T18:26:00","slug":"taiwan-central-bank-holds-rate-at-1-875","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/23\/taiwan-central-bank-holds-rate-at-1-875\/","title":{"rendered":"Taiwan Central Bank Holds Rate at 1.875%"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p><span>The&nbsp;<a href=\"http:\/\/www.cbc.gov.tw\/\">Central Bank of the Republic of China<\/a>&nbsp;(Taiwan) kept its discount rate unchanged at 1.875%, collateralized loan rate at 2.250% and unsecured loans rate at 4.125%. &nbsp;Bank Governor, Perng Fai-nan, said:&nbsp;&#8220;<\/span><span><span><span>On the domestic front, private investment was adversely affected by slack external demand that has weakened since the second half of last year. The Directorate-General of Budget, Accounting, and Statistics (DGBAS) forecast that in the year of 2012, the annual GDP growth rate of the first quarter would record a yearly low. However, the momentum is expected to gradually pick up in the subsequent quarters to expand by 3.85% in 2012 as a whole, slightly lower than last year&#8217;s 4.04%.&#8221;<\/span><\/span><\/span><\/p>\n<div><span><\/span><br \/><a name='more'><\/a>Taiwan&#8217;s central bank last raised the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/taiwan-central-bank-raises-discount.html\">discount rate<\/a><span>&nbsp;12.5 basis points to 1.875% at its July meeting last year, also raising&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/03\/taiwan-central-bank-raises-rate-125bps.html\">12.5 basis points<\/a><span>&nbsp;in March. &nbsp;The Bank also recently raised the&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/taiwan-central-bank-raises-minimum.html\">minimum liquidity<\/a><span>&nbsp;requirements ratios. &nbsp;Taiwan reported annual consumer price inflation of 0.25% in February this year, down from 1.01% in November, 1.32% in July, 1.93% in June, 1.7% in May, and 1.3% in April. &nbsp;The government is forecasting inflation to increase by an average 1.46% this year.<\/span><\/div>\n<div><span><br \/>The Taiwan economy grew 3.37% year on year in the September quarter (5.02% in Q2 2011, and 6.2% in Q1 2011); slower than 2010&#8217;s 10.9% economic growth rate, according to the Directorate General of Budget, Accounting and Statistics. &nbsp;Taiwan&#8217;s currency, the Taiwanese Dollar (TWD), has gained about 1% against the US dollar over the past year, and the USDTWD exchange rate last traded around 29.57.<\/span><\/div>\n<p><\/p>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3071628907203784351?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Central Bank of the Republic of China&nbsp;(Taiwan) kept its discount rate unchanged at 1.875%, collateralized loan rate at 2.250% and unsecured loans rate at 4.125%. &nbsp;Bank Governor, Perng Fai-nan, said:&nbsp;&#8220;On the domestic front, private investment was adversely affected by slack external demand that has weakened since the second half of last year. The Directorate-General of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/23\/taiwan-central-bank-holds-rate-at-1-875\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Taiwan Central Bank Holds Rate at 1.875%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28497","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28497"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}