Banks tighten monitoring use of capital in Taiwan

TAIWAN - Many banks in Taiwan will further tighten monitoring the movements of funds lent to enterprises to prevent borrowers from wiring the money they get from the banks abroad and then left their debts in Taiwan.

The Central Bank of China has just made another interest rate cut in line with the new rate reduction by the U.S. Federal Reserve Board.

But CBC stressed that the move is also intended to pump more capital into the market to help enterprises get capital at lower costs for business

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