Taiwan's cbank sees no inflationary pressures
The Central Bank of China, Taiwan's central bank, cut its own forecast growth for the island's consumer price index to 1.7% for 2001, from its earlier forecast of 2.1%, said Yeh Jung-chao, deputy director of the central bank's economic research department.
The central bank's forecast comes in lower than the official government forecast for an 1.8% gain in CPI for 2001.
Yeh said the central bank's forecast for the island's wholesale price index was cut to 1.25% for 2001 from its earlier forecast of 1.6% - which is also lower than the offical government estimate for a 2.1% WPI growth for 2001.
The central bank has cut the island's key rates four times since late Dec 2000 in an effort to help stimulate the economy, which is forecast to expand 5.25% in 2001, down from the 5.98% growth in 2000.
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