Central bank considers virus measures - News Summed Up

Central bank considers virus measures


Central bank considers virus measuresWATCH LIST FEARS: The central bank said that the US could put Taiwan on its watch list next month, as it meets two of the US’ three currency manipulator factorsBy Crystal Hsu / Staff reporterThe central bank is to consider pre-emptive measures at its policy meeting next week to handle repercussions from the COVID-19 outbreak, Governor Yang Chin-long (楊金龍) told the legislature yesterday. Yang made the statement when asked by lawmakers if he would follow global central banks and lower borrowing costs to support economic growth. Central bank Governor Yang Chin-long yesterday speaks at a meeting at the Legislative Yuan. Taiwan’s GDP growth might slip below 2 percent if world governments fail to contain the outbreak by June, Yang said. A spot on the currency watch list suggests currency intervention on the part of the central bank and could lead to punitive measures from Washington.


Source: Taipei Times March 12, 2020 15:56 UTC



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