The central bank's policy of maintaining low interest rates is expected to do great harm to Taiwan's future economic development, said Chi Schive (薛琦), president of the Taiwan Academy of Banking and Finance (台灣金融研訓院).
Last week, Taiwan's central bank cut its key rediscount rate by a quarter of a percentage point to a record 1.875 percent to stem a rally in the currency that threatens to slow Taiwan's recovery from its worst annual slump.
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