Taiwan

Taiwan - Annual Report 2007

The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.

Taiwan raises rates

Taiwan's central bank has increased its key policy rates by 12.5 basis points each as part of a raft of monetary policy measures aimed at controlling inflation, which is now at a seven-year high.

Taiwan set to raise rates

Fai-Nan Perng, the governor of the Central Bank of China (Taiwan), has told the country's parliament that he will carry on hiking rates to dampen inflationary pressures.

Taiwan raises rates again

Taiwan's central bank raised its benchmark interest rate - the discount rate on 10-day loans to banks - by a quarter percentage point to 3.125% today.

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.

Cb of China (Taiwan) to change name

The Central Bank of China (Taiwan) announced Saturday 10 February it has changed its English name as shown on its website in a move to avoid possible confusion with financial institutions in China.

BOK chief says reserves may go to overseas stocks

South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.

Chou promoted at Taiwan central bank

According to the Taipei Times, the central bank of China in Taiwan announced Monday 29 January that George Chou, who serves as director-general of the foreign exchange department, will be promoted to the position of deputy governor.

Central banker of the year announced

Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.

Russian reserves hit all time high

Russia's gold and foreign exchange reserves, boosted by record world oil prices, have touched an all-time high of $243.3 billion, the central bank said on Thursday 1 June.

Comment: US Treasury diplomacy

In what has been billed as a key moment in American economic diplomacy, the US Treasury this week resisted temptation and political pressure by deciding not to formally accuse China of currency manipulation.

Comment: Sweden sheds reserve dollars

The Swedish Riksbank dropped a bit of a bombshell on international currency markets on Friday 21 April by announcing a significant reduction in the share of dollars and yen in its foreign reserves portfolio. Although Sweden has a relatively small…

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