InfoAnda - Taiwan central bank cuts interest rates by 25 bps

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Read more with google mobile : Taiwan central bank cuts interest rates by 25 bps

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Taiwan central bank cuts interest rates by 25 bps Reuters - Monday, November 10 TAIPEI, Nov 9 - Taiwan's central bank unexpectedly cut interest rates by 25 basis points on Sunday, its fourth reduction in just over a month, and said it saw increased risk of an economic slowdown. The move by Taiwan's technology-reliant economy will put its benchmark discount rate at 2.75 percent. The central bank said in a statement imported inflationary pressures had decreased significantly Taiwan last cut its benchmark discount rate in late October, joining efforts by the U.S. Federal Reserve and other central banks around the world to cushion the economic fallout from the global financial crisis. (Reporting by Lee Chyen Yee; Writing by Anshuman Daga; Editing by Jerry Norton) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China announces $586 billion stimulus planAP - 1 hour 15 minutes ago China okays $586 bln stimulus to boost economyReuters - 1 hour 20 minutes ago Kuwait cbank urges bank, investment firm mergersReuters - 1 hour 42 minutes ago Abu Dhabi to review tourism projects due to crunchReuters - 1 hour 52 minutes ago Latvian government takes over major bankAP - 1 hour 53 minutes ago Most Popular – Business Viewed Obama: First pooch may be mutt 'like me' Obama rules out new cabinet picks as jobless rate jumps Documents expose Prince William RAF training row: report US doctors tell Liu Xiang he needs surgery GM warns of cash crunch, appeals for bailout View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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