US inflation last month hit 8.5 percent, while Taiwan’s rose 3.27 percent, rendering drastic rate hikes unwarranted, he said. Central bank Governor Yang Chin-long speaks at a meeting of the legislature’s Finance Committee in Taipei yesterday. In addition, the central bank will seek to support the nation’s economy to meet its duty, he said. Consumer prices in Taiwan are likely to ease next quarter, although the landscape is teeming with uncertainties, Yang said. The central bank would favor selective credit controls to prevent funds from overflowing to the property market, he said.

Source: Taipei Times April 14, 2022 04:08 UTC