Taiwan adopt 'managed float' for dynamic stability

The central bank of China, Taiwan will adopt a "managed float" policy towards the foreign exchange market and has said it is, in principle, ready to allow market forces to determine the exchange rate.

Source: AFX Asia

The central bank said it will adopt a "managed float" policy towards the foreign exchange market, while reaffirming its commitment to maintain the Taiwan dollar's "dynamic stability".

The bank is also keeping its loose monetary policy, while leaving its key interest rates unchanged

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