TAIPEI (Taiwan News) – The Central Bank of Taiwan held its third quarter meeting of the board of directors and supervisors on Thursday (Sept. 22). Following the meeting, the bank announced it will maintain a policy of “dovish tightening” on interest rates.
The Central Bank confirmed it will raise interest rates for the third consecutive quarter in a row, this time by 0.125 percentage points, effective from Oct. 1. The deposit reserve ratio for banks will also be increased by 0.25 percent for New Taiwan Dollars, which will bring the rate to 4.55 percent starting next month.
Further, the anticipated growth rate of Taiwan’s economy for…