Taiwan will adopt loose monetary policy

Taiwan central bank governor Perng Fai-nan said on Jan. 29, 2001, the bank would adopt an "appropriately loose" monetary policy, and would consider following suit if the U.S. cuts rates at the end of the month. The central bank would also fully supply funds to enterprises, Perng told reporters, without elaborating further.

Taiwan's central bank has been keen to keep funding loose after local banks grew wary on lending after a string of high-profile corporate defaults in 2000. Perng said the ce