Taiwan central bank chief says any rate cut depends on inflation
From channelnewsasia.com
Taiwan's central bank governor said on Thursday that inflation will be the key factor in deciding whether to cut interest rates next week. Taking questions from legislators in parliament, central bank Governor Yang Chin-long said the island's interest rates were at their highest level in 15-1/2 years. He acknowledged that the U.S. Federal Reserve was increasingly expected to slash rates in September, but he was unwilling to make a firm commitment that Taiwan's central bank would follow the Fed's lead. "Whether we cut interest rates depends entirely on the state of inflation," Yang said. "Rates of the U.S. are ...
(full story)