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CBC Hikes Interest Rate by 0.125 of a Percentage Point.
(From Taiwan Economic News)
Taipei, Dec. 23, 2005 (CENS)--With the continuing existence of inflationary pressure in Taiwan and with short-term interest rates still in negative territory, the Central Bank of China (CBC) here decided to raise three benchmark interest rates by 0.125 of a percentage point each during its year-end board meeting on Dec. 22
After the adjustment, the rediscount rate, secured accommodations rate, and short-term accommodations rate have risen to 2.25%, 2.625%, and 4.5%, respectively. This is the sixth interest rate hike by the CBC since October last year, and boosts the accumulated increase since then to a total of 0.875 percentage …
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