Taiwan's Perng: rates may be approaching peak

Taiwan's series of interest rate increases may be approaching a peak because of subdued inflation and slowing export growth, said Perng Fai-nan, governor of the Central Bank of the Republic of China (Taiwan) in an interview published Wednesday 14 March.

"We are closer and closer" to a so called neutral rate, Perng said Monday in Taipei in the first media interview in his nine-year term in office. The bank uses different models to gauge an appropriate level that contains inflation and supports