InfoAnda - FACTBOX-Recent comments by Taiwan officials on economy, policy

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: FACTBOX-Recent comments by Taiwan officials on economy, policy Reuters - 1 hour 51 minutes ago Jan 7 - Taiwan's central bank cut interest rates on Wednesday by 50 basis points in an emergency meeting after a record fall in exports in December revealed the extent of the economic damage wrought by the global financial crisis. [ID:nTP4588] Following are recent comments by Taiwan officials on the island's monetary policy and economy: CENTRAL BANK GOVERNOR PERNG FAI-NAN, Jan 7, news conference: "Taiwan rates will not go to zero. It will always cost something to borrow money." "There are no zero discount rates in the world right now. Some discount rates are very low, but not zero." CENTRAL BANK GOVERNOR PERNG FAI-NAN, Dec 11, news conference: "Monetary policy is not a race. We have to adjust accordingly to our economic conditions at any time." PRESIDENT MA YING-JEOU, Dec 3, news conference: "The most serious challenge is the economic downturn in terms of recession, unemployment and low consumption rate." VICE PRESIDENT VINCENT SIEW, Nov 25, business event: "Extreme times require extreme measures. So after that situation is alleviated, we will adjust them to more normal measures." Siew was commenting on the government's plans to dole out billions of dollars for a series of economic-boosting measures, including infrastructure spending, tax rebates and giving out shopping vouchers. PREMIER LIU CHAO-SHIUAN, Nov 18, news conference: "The global tsunami is spreading and we will have to go through a period of economic chill. We have to resort to the extreme at an extremely difficult time like that." Liu was referring to Taiwan's plan to give $2.5 billion in shopping vouchers to consumers to help boost sagging domestic consumption. FINANCE MINISTRY OFFICIAL RICHARD LIU, Nov 15, interview: "Now is not a time to worry too much about deficits because we need to save the economy." "We are focusing on a deficit fiscal policy rather than fiscal deficits." (Reporting by Lee Chyen Yee and Doug Young; Editing by Neil Fullick) 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: China's Economy Thai economic ministers extend stimulus measuresAP - 55 minutes ago Bank of America sells China bank stakeReuters - 1 hour 7 minutes ago Bank of America, tycoon sell China bank stakesReuters - 1 hour 10 minutes ago China issues 3G mobile phone licensesAP - 1 hour 35 minutes ago Related Articles: Business Stock futures dip after Alcoa cuts jobs, outputAP - 17 minutes ago European stocks take a pause from New Year rallyAP - 23 minutes ago BRIEF-Aselsan in 45 mln lira deal with Turkish militaryReuters - 23 minutes ago NEWSMAKER-After career highs, Satyam chief makes stunning exitReuters - 24 minutes ago Guinness Peat says '08 was very "unsatisfactory"Reuters - 25 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Shares skyrocket as Porsche takes over Volkswagen Steve Jobs has "hormone imbalance," to stay on as Apple CEO Toyota to shut production plants for 11 days Jett Travolta died of 'seizure': Bahamas officials Pink iguanas discovered on Galapagos Islands View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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