Rate Cut Reflects Mounting Growth Concerns

September 2008 | Economic Analysis

The Central Bank of the Republic of China (CBRC)'s decision on September 25 to cut its Discount Rate by 12.5bps to 3.500% - the first reduction in five years - underscores the gravity with which it now views Taiwan's economic outlook. Taiwan has become the second Asian economy to cut interest rates this year, following China on September

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