According to Reuters article published on March 20, 2023, the current wave of inflation in Taiwan is not a short-term phenomenon and has fanned expectations for continued high inflation rates, the deputy central bank governor said on Monday.
"We have seen the consumer price index exceed 2% for nine consecutive months. This wave of inflation is not a short-term phenomenon," Yen Tzung-ta told lawmakers during a parliamentary session.
Economists widely expect the central bank to keep its policy interest rate unchanged this week, as the island's economy slows while global banking woes roil financial markets.
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Published on March 20, 2023 2:57 PM (GMT+8)Last Updated on March 20, 2023 2:57 PM (GMT+8)
