Wed, Aug 22, 2007 - Page 12 News List

Analysts split on impact of credit woes

INTEREST RATES Lehman Brothers said the central bank would keep rates unchanged to aid GDP growth, but Citigroup said the bank would raise rates to fend off inflation

By Lisa Wang  /  STAFF REPORTER

Perng made the comments in response to a request by property developers to slow rate hikes.

Earlier yesterday, Lai Cheng-i (賴正鎰), chairman of property developer Shining Group (鄉林集團), and four other real estate representatives visited Perng and asked the bank to consider a gradual increase in interest rates to prevent any negative impact on the housing market.

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