Central Banking

Taiwan mulls monetary policy framework change

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Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New Zealand, Australia, United Kingdom and Canada, is more favorable than the "monetary targeting" policy that Taiwan has adopted since the early 1990s.

Under an inflation targeting system, the central bank is required to make sure the inflation

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