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US INTEREST HIKES LIKELY TO STOP BY MID-YEAR: TAIWAN'S CEPD.

AsiaPulse News

| March 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, Mar 1 Asia Pulse - The United States Federal Reserve is not expected to increase the federal funds rate sharply in the coming months and will likely halt the trend by mid-year after raising it to 4.5 per cent at the end of January, the Council of Economic Planning and Development (CEPD) said Tuesday.

The CEPD said that to stop the economy from overheating and to curb inflation caused by soaring oil prices, the Fed continually raised its federal interest rates last year from 2.25 per cent in January to 4.25 per cent in December.

The rate-hiking moves of the U.S. affected central banks in Europe, Taiwan, Hong Kong and ...

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Source: HighBeam Research, US INTEREST HIKES LIKELY TO STOP BY MID-YEAR: TAIWAN'S CEPD.

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